MUMBAI: Japanese retailer Uniqlo is increasing sourcing from India for global markets and is expanding production in the country, said Kenji Inoue, COO and CFO at Uniqlo India. “For our India stores, we are sourcing about 15.5% of our requirements locally but the share is higher for exports and the strategy is to keep sourcing…
Representative image The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers. Fast Retailing‘s operating profit in the 12 months through August likely rose 24%…
(Representative Image) The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320…
TOKYO: Japan’s Fast Retailing Co reiterated on Thursday its forecast for a third year of record profits, as the Uniqlo owner ramps up an expansion into North America and Europe to take on entrenched rivals H&M and Zara owner Inditex. Its ambitious growth moves in Western markets comes as sales in its home market weaken,…
NEW DELHI: Reliance is in exploratory talks with British fashion retailer Primark to bring the label to India, a move that will pit it against Tata’s Zudio, Landmark Group-owned Max and Shoppers Stop‘s new value format InTune. The 55-year-old brand, popular for its moderately priced clothing and shoes, has been evaluating the Indian market for…
Fast Retailing said on Tuesday its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on Dec. 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and SHEIN JAPAN, Fast Retailing said in…
Representational image Top global apparel and fast fashion brands appear to have struck a strong chord with young customers, racking up sales growth of anywhere between 40% and 60% in FY23, bucking the trend in a market where the overall demand for discretionary products slowed down. For instance, Swedish fashion retailer H&M and rival Zara…
Tokyo: A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading. Uniqlo is a major player in an industry blamed for immense carbon emissions and other pollutants like microplastics. It has ridden…
NEW DELHI: From farmers to fashion designers, the government and export promotion councils will showcase the entire value chain at the biggest ever textile show in February. The show will cover not just Bharat Mandapam but also the newly built Yashobhoomi in the capital, as it seeks to position India as a major player in…
TOKYO, – Japan’s Fast Retailing Co , owner of clothing brand Uniqlo, reported on Thursday that full-year operating profit rose 28% to reach its second consecutive record, aided by a post-pandemic recovery in China and the yen’s slide. Profit was 381.1 billion yen ($2.56 billion) in the 12 months through August compared with 297.3 billion…
