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The UNIQLO market in the Chinese Mainland experienced significant declines in both revenue and operating profit due to several factors: a high comparison base from the previous year, low consumer willingness, and unfavorable weather conditions that affected product demand. Fast Retailing #chinamarket #fastfashion #japan #financialsummary

Fast Retailing Achieves Record Half-Year Earnings - https://lnkd.in/g8DSA_6A TOKYO, Apr 12 (News On Japan) - Fast Retailing, the company behind Uniqlo, reported record half-year sales for the period ending in February this year, buoyed by strong overseas performance in Europe and America, with revenues exceeding 1.59 trillion yen. According to the financial results released by Fast Retailing on April 11, the group's performance for the half-year period saw a 9% increase in sales to 1.5989 trillion yen and a 27.7% increase in net profit to 195.9 billion yen, both setting new records for this period. The success was attributed to the expansion of store numbers and growing brand recognition, particularly in Europe and America, where sales were robust. Additionally, there was high demand for functional innerwear in Southeast Asia. However, in China, sales faced challenges due to the effects of a warm winter and a decline in consumer spending, prompting the company to review its network of stores and sales strategies. In Japan, sales at existing Uniqlo stores fell by just over 3% from the same period last year due to a lack of demand for winter clothing. During a press conference on April 11, Tadashi Yanai, Chairman and President of Fast Retailing, commented on the situation: "Unfortunately, incomes are decreasing, so it's natural that people are holding back on spending," indicating his intention to keep a close eye on consumer trends. Source: NHK Source

Fast Retailing Achieves Record Half-Year Earnings - https://lnkd.in/g8DSA_6A TOKYO, Apr 12 (News On Japan) - Fast Retailing, the company behind Uniqlo, reported record half-year sales for the period ending in February this year, buoyed by strong overseas performance in Europe and America, with revenues exceeding 1.59 trillion yen. According to the financial results released by Fast Retailing on April 11, the group's performance for the half-year period saw a 9% increase in sales to 1.5989 trillion yen and a 27.7% increase in net profit to 195.9 billion yen, both setting new records for this period. The success was attributed to the expansion of store numbers and growing brand recognition, particularly in Europe and America, where sales were robust. Additionally, there was high demand for functional innerwear in Southeast Asia. However, in China, sales faced challenges due to the effects of a warm winter and a decline in consumer spending, prompting the company to review its network of stores and sales strategies. In Japan, sales at existing Uniqlo stores fell by just over 3% from the same period last year due to a lack of demand for winter clothing. During a press conference on April 11, Tadashi Yanai, Chairman and President of Fast Retailing, commented on the situation: "Unfortunately, incomes are decreasing, so it's natural that people are holding back on spending," indicating his intention to keep a close eye on consumer trends. Source: NHK Source

"Looking at the future outlook for individual business segments in fiscal 2024, we expect Uniqlo international will generate large increases in revenue and profit in both the second half of fiscal 2024 and the full business year," said the company. FULL ARTICLE: https://lnkd.in/gx56jTRJ #retailinasia #retailnews #FastRetailing #Uniqlo #Japan #apparel #salesinasia

For an apparel retailer with £15bn of FY sales, >15% EBIT margins and market cap of £72bn, Fast Retailing/Uniqlo gets remarkably little attention in the western press. I challenge you to find coverage of today's 9m results, 3Q sales +7.7% cFX, GM +270bp and EBIT +31% Y/Y with margins of 18.9% +260bp, despite profits in China showing a "large decline". Its a shame because, in a world of fast fashion, there is much to admire about Uniqlo, a brand that focuses on good quality mid market basics, genuinely innovates in materials and product and invests for the long-term. In particular it is one of the very few foreign retailers which has succeeded in China (ex luxury/sporting goods), with a 2028 target of Y1tn (£bn) of sales and 3,000 stores. In a consolidating global market, Uniqlo looks a winner. Unfortunately on 4.5x EV/23/24 sales and 28x EBIT valuations are best described as being up with events!

Fast Retailing, the owner of Uniqlo, is expected to achieve record profits for the third consecutive year, driven by growth in western markets and recovery in China. The company's operating profit for the fiscal year ending in August is projected to increase by 24% to approximately US$3.2 billion, surpassing its previous forecast. Fast Retailing's stock has reached a record high, reflecting strong investor confidence. Key future considerations include sales performance of fall and winter collections in Japan and the effectiveness of strategies to revitalize the Chinese market. Analyst Mark Chadwick highlights the importance of addressing declining earnings in Greater China due to weak consumer sentiment and heightened competition. Fast Retailing operates over 900 stores in China and is viewed as a key indicator of the retail sector's health in the country. The company has shifted focus to North America and Europe during the pandemic, resulting in strong sales in these regions. Founder Tadashi Yanai aims to position Fast Retailing as the largest fashion retailer globally, emphasizing consumer preference for value over luxury post-Covid. Yanai, along with Uniqlo president Daisuke Tsukagoshi, will address the company's earnings briefing, with Tsukagoshi being considered a potential successor. Fast Retailing's shares have increased by 43% in 2024, significantly outperforming the 17% rise in the Nikkei index. #fastretailing #uniqlo #apparels

Fast Retailing, the parent company of fashion retailers UNIQLO and Theory, has reported a rise in operating profit, soaring 31% to ¥500.9bn (£2.57bn) for the year ended 31 August 2024. Read more below. #FastRetailing #Uniqlo #revenue #profits #retailnews

"Uniqlo owner sales and profits soar 🚀💰 Uniqlo owner Fast Retailing's profits have skyrocketed as the group's focus in Western markets amid a downturn in its home region has paid off. 🌍📈 #FastRetailing #Uniqlo #RetailSuccess Learn more at databoutique.com - A vast source for public data that helps understand the news in retail. 💼📊" by Retail Gazette about UNIQLO

Venturing to China is not an easy path. In fact, international ventures are increasingly challenging these days, with the possible exception of Singapore, where we welcome you with open arms. Due to the rise in nationalism, whether you are heading to the EU, US, UK, China, or Japan, the local market is not going to welcome you with open arms. #andrewtanatomisingapore #theatomiway #atomiconsultancy #陈湧泉老师创业创新课程 #theatomiway #andrewtanatomisingapore #atomiLIFESTYLE #atomi #actushause #atomiFURNITURE #theentrepreneurialmindset #thegrowthmindset #entrepreneurship #陈湧泉 #英文 #中文 #日文

'Uniqlo expands brick-and-mortar footprint in Canada 🇨🇦🏬 The apparel retailer will open four stores in the country this fall 🍁 in its quest to reach 200 stores in North America by 2027 🚀 #Uniqlo #BrickAndMortar #CanadianExpansion #RetailNews' by Retail Dive about UNIQLO