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Retail Asia20/04/2017

Uniqlo Canada has announced plans to open its third store. Its debut in British Columbia, the store will open late this year, 12 months after Uniqlo entered Canada with an outlet in Toronto. Opening at Metropolis at Metrotown in Burnaby, British Columbia, the casual apparel retailer’s store will have 20,630 sqft (1917 sqm) of sales […]

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Retail Asia24/03/2017

A lifestyle-focussed concept store, Uniqlo Move, has been launched in Tokyo by the Japanese fashion basics retailer. It features its LifeWear range of activewear in a space on the eighth floor of Shinjuku Takashimaya department store. Sections of the 75 sqm store will be arranged according to movement, ranging from everyday life to exercise. Not […]

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Retail Asia22/03/2017

From fast fashion to faster fashion: speed is seen as the key by Uniqlo owner Fast Retailing in its bid to outrace apparel powerhouse Zara. Uniqlo founder Tadashi Yanai says Fast Retailing plans to shorten the time it takes from design to delivery to about 13 days, roughly the same as Zara, owned by clothes […]

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Retail Asia17/02/2017

Japanese casual apparel retailer Uniqlo Spain will open its first store in Barcelona this northern autumn. The move takes it into the home market of archrival Inditex, parent of the Zara brand, among others. On the Paseo de Gracia shopping streets, the store will have 1730 sqm of space across four levels and offer a […]

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Retail Asia16/01/2017

Both consolidated revenue and profit rose for apparel retailer Fast Retailing Group in the first quarter of its latest fiscal year – the three months to November 30. Consolidated revenue rose 1.6 per cent year-on-year to reach ¥528.8 billion (U$4.6 billion), while profit soared 16.7 per cent to reach ¥88.5 billion. The gross profit margin […]

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Retail Asia19/10/2016

While Fast Retailing profit fell in the full year, the Japanese apparel giant says its second-half profit rebounded sharply. Consolidated revenue rose 6.2 per cent to JP¥1.7864 trillion (US$17.19 trillion) while its operating profit fell 22.6 per cent to ¥127.2 billion. Factors underlying the sharp decline in profit include a ¥11 billion foreign-exchange loss, a […]

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Retail Asia07/10/2016

Japanese retail holding company Fast Retailing intends to have 1000 shops for its low-cost GU brand overseas in 10 years, up from about 10 foreign stores now. GU sells clothing often priced at about half that of stablemate Uniqlo. Fast Retailing will expand GU first in Asia, where Uniqlo has been successful, says chairman/president Tadashi […]

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Retail Asia14/09/2016

Was there a stampede when the new Uniqlo Global Flagship Store opened its doors at Orchard Central on its first day of business? That depends upon your definition of the world. The store, the latest and greatest in the brand’s 25-store empire, has captured the imagination and attention of Singapore shoppers who were ready to […]

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Retail Asia07/09/2016

Fast Retailing raised its full-year earnings forecasts after sales at its Uniqlo casual-wear stores in China and South Korea grew more strongly than expected during the first half of the financial year, showing its overseas expansion is bearing fruit. Overseas growth is key to the Japanese firm’s goal of becoming the world’s top apparel retailer […]

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Retail Asia25/06/2016

Tokyo-based fast-fashion brand Uniqlo US, a 1700-store global chain with 43 US outlets, has been retrenching amid slowing sales. It has quietly closed five stores in the US since January, all in suburban shopping malls. “The US is very important to the company,” says spokesman Aldo Liguori. “We are focussing on large cities where we […]

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Retail Asia21/06/2016

Japanese apparel company Uniqlo has launched a special collection of items featuring traditional motifs of Indonesian batik, a heritage included on the UNESCO list of Intangible Cultural Heritages of Humanity in 2009. As part of a second program in the Uniqlo Factory Worker Empowerment Project, a portion of sales is be allocated toward helping with […]

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Retail Asia11/06/2016

Uniqlo sales have bounced back from decline, giving parent Fast Retailing a much-needed round of good news for May. Same-store Uniqlo sales in Japan rose 5.9 per cent year-on-year, even though customer traffic fell 3.6 per cent. The average purchase increased by 9.9 per cent to make up for the customer shortfall. Total sales including […]

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Retail Asia01/06/2016

A tactic to move to high prices over the past year has failed for Japanese casualwear chain Uniqlo, admits the chairman of its parent company, Fast Retailing. Japan’s richest person, billionaire Tadashi Yanai says the company is considering how to sell value-added products for the lowest possible price. “The world is flooded with clothes without […]

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Retail Asia19/04/2016

Japanese fashion brand Uniqlo is opening six stores in the Philippines by June 2016. “We are thrilled to announce that Uniqlo will open four new stores in Luzon by May and two new stores in the Visayas by June, as we continue to bring high-quality and innovative clothing to Filipinos,” said Katsumi Kubota, COO of […]

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Retail Asia19/04/2016

Uniqlo profit has plummeted in the Japanese fast fashion chain’s first half year. Parent Fast Retailing has revealed a 33.8 per cent decline in year-on-year surplus, despite a 6.5 per cent increase in sales from September 2015 to February 2016. Consolidated revenue reached JP¥1.0116 trillion (US$9.385 billion) and profit ¥99.3 billion (US$1.535 billion). While Global […]

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Retail Asia18/12/2015

The partnership which pioneered Heattech and Airism garments have forged a new expanded relationship they say will create “a new industry for the future”. Fast Retailing’s flagship Uniqlo and Toray Industries first joined hands 10 years ago aimed at developing technological solutions to make clothing functional rather than just practical – and provide the Japanese […]

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Retail Asia14/12/2015

Uniqlo parent, Japanese giant Fast Retailing, says its total sales dropped 8.1 per cent in November. “Same-store sales dipped year on year in November after unusually hot weather in mid-month stifled sales of winter clothing necessities,” the company said in a brief trading statement which gave only percentages and not total sales data. The number […]

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Retail Asia05/12/2015

Uniqlo parent Fast Retailing has committed US$10 million in cash and some 150,000 items of Heattech clothing to help keep newly arrived refugees warm in Europe. Fast Retailing will supply the support through the UNHCR, the UNited Nation’s refugee agency. As well as the donations, Uniqlo will provide internships with future employment possibilities to 100 […]

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Retail Asia28/10/2015

Uniqlo Philippines will open its first store in Cebu on Friday (October 23). The new 1000 sqm store is located in SM City Cebu shopping mall, on the first level of the north wing. It will be Uniqlo Philippines’ 25th shop and its first in the Visayas region. “We have opened 24 stores in Metro […]

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Retail Asia16/10/2015

Fast Retailing US, the North American business unit of Japan’s largest apparel retailer is to slow its Uniqlo store roll out program after heavy losses. The Japanese company missed its earnings target in the latest quarter and posted losses due to a US$134 million impairment charge relating to its 42-strong US Uniqlo store network and […]

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