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The Latest Breaking News from Fast Retailing

Uniqlo Owner Reports Record Annual Earnings

The company also reported "significant increases in both revenue and profit" for international stores of casualwear giant Uniqlo.

International Business Times

Shares of Uniqlo’s parent company drop almost 5% as the retailer warns of a 'turning point' in its China strategy

Fast Retailing, the Japanese owner of Uniqlo, is warning of large drops in profit and revenue from China, even as sales in other markets grow.

Fortune

S&P Futures Tick Lower as U.S. ADP Jobs Report Looms, Powell Speech in Focus

June S&P 500 E-Mini futures (ESM24) are trending down -0.15% this morning as uncertainty over the Federal Reserve’s plans to cut interest rates continued to stifle market sentiment, with investors’ focus now shifting to remarks by Fed Chair Jerome Powell and ADP National Employment numbers due later in the day.

Barchart

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S&P Futures Tread Water as Investors Await Powell Speech and ADP Jobs Report

June S&P 500 E-Mini futures (ESM24) are trending down -0.11% this morning as investors looked ahead to remarks by Federal Reserve Chair Jerome Powell and a fresh batch of U.S. economic data.

Barchart

Fast Retailing Reports Strong Q1 Profit Growth of 25%

Discover the latest financial results of Fast Retailing, the operator of Uniqlo, as they report a 25% increase in Q1 profit, showcasing their strong perfor...

Top News

Wages are finally rising in Japan, as inflation eats away at consumer gains

Wages are rising in Japan more than they have in decades, at least for some workers

The Independent UK

Nikkei 225 Index Roars 27% In 2023. Warren Buffett's Japan Bets Paying Off.

Japan's benchmark Nikkei index soared this year on market reform, a weak yen. The growth is attracting investors like Warren Buffett.

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Uniqlo latest big brand to quit Russia

TOKYO: The Japanese clothing brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper quoted Russia’s deputy trade minister as saying.

Bangkok Post

Fashion groups face new Uyghur forced labour complaint in France

Paris (AFP) - Rights groups announced on Wednesday they had filed a new complaint in France against clothing giants including Uniqlo and Zara owner Inditex for allegedly profiting from forced labour of the Uyghur minority in China.

AFP

Uniqlo Owner Expected to Post 30% Profit Rise, as Investors Eye China Results

Second-quarter results from Japan's Fast Retailing Co (9983.T), owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is recovering after the lifting of pandemic curbs. The company, Japan's biggest retailer, reported a 2% dip in operating profit in the first quarter, partly…

Asharq Al-Awsat

Uniqlo’s quest to conquer the US, one cashmere sweater at a time

The biggest challenge to Japanese fashion giant Uniqlo’s plan to take on the U.S.? Getting more Americans to know who they are.

Tribune News Service

China lockdown hits Uniqlo parent's first-quarter profit

Tokyo (AFP) - Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China.

AFP

French pension reform plans raise concern among manual workers

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

France 24

Uniqlo Parent Company to Boost Japan Wages Up to 40%

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally. The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in…

Asharq Al-Awsat

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AFP

Uniqlo parent company to boost Japan wages up to 40%

Tokyo (AFP) - Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.

Fortune

The fashion industry’s biggest fails of 2022

“Fashion brands have long courted controversy, but today, it underestimates the consumer, who has a voice and is knowledge-rich.”

Asharq Al-Awsat

Amid US Retail Gloom, Uniqlo Shines on COVID-Triggered Revamp

Just as inflation ravages the big guns of US apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model. Retailers from Gap to Kohl's are…

The Street

There Is An Even Cheaper Uniqlo Offshoot And It's Coming to the U.S.

GU will be opening its first store in the US in 2023.

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Asharq Al-Awsat

Uniqlo Owner Fast Retailing to Open first GU Discount Clothing Store in US

Japan's Fast Retailing, the owner of global clothing chain Uniqlo, said on Thursday it would open its first discount brand GU store in the United States this autumn. The store will open in the SoHo neighborhood of New York City in what will be the brand's debut outside of the…

The Street

Uniqlo And Zara's Pricing Problems May Hit Other Clothing Retailers

Brands like H&M, Inditex, Zara and Fast Retailing's Uniqlo have for years offered clothes that cost very little.

Asharq Al-Awsat

Uniqlo Owner Sees Big Profit Drop in China Due to COVID Restrictions

Clothing brand Uniqlo's Japanese owner said on Thursday its China operation would report a large profit decline in the current fiscal year owing to the country's COVID-19 restrictions. Fast Retailing is a bellwether for how major global retailers are being impacted by COVID-related shutdowns in China, one of the biggest…

AFP

Uniqlo operator lifts profit outlook despite China lockdowns

Tokyo (AFP) - Fast Retailing, the operator of Japanese casualwear giant Uniqlo, revised its annual net profit forecast upwards on Thursday even as business in China is hit by fresh lockdowns.

AFP

In reversal, Uniqlo suspends business in Russia

Tokyo (AFP) - Casual wear giant Uniqlo will suspend operations in Russia, parent company Fast Retailing said Thursday, days after its president defended staying open in the country following Moscow's invasion of Ukraine.

Asharq Al-Awsat

Uniqlo Owner Stays Put in Russia

Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that have stayed put even as dozens of big brands pause operations or exit the country over its invasion of Ukraine. "Clothing is a necessity of life.

AFP

Uniqlo defends decision to stay open in Russia

Tokyo (AFP) - The parent company of Japanese casualwear giant Uniqlo on Monday defended a decision to keep Russian stores open even as rivals Zara and Hamp;M suspend operations in the country following its invasion of Ukraine.

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