Uniqlo More Profitable Overseas Than in Japan

Parent company Fast Retailing posted record-breaking Q1 sales.

By //Fashion

Uniqlo parent company Fast Retailing Co. Ltd. posted all-time high Q1 profits, thanks to Uniqlo’s explosive international growth and respectable domestic profit.

The Japanese company’s operating profits totaled ¥113.9 billion JPY (approximately $1.02 billion USD), nearly ¥30 billion JPY ($269 million USD) higher than the previous year’s take. Uniqlo was the star performer in Fast Retailing’s stable of brands, which includes Theory, J Brand and Japanese chain GU, boasting 54.7% growth in overseas operating profits and an 18.6% rise in Japan as international profits overtake domestic income for the first time. As more Uniqlo stores outside of Japan crop up, the number at home remains unchanged, as the brand seeks to boost profits through improved online traffic and an overhauled distribution network.

Opening more stores overseas remains high on Uniqlo’s to-do list, as the brand aims to host over 1,000 stores in China by 2021, with nearly 600 currently open. While Uniqlo aims to increase its physical presence, competitor H&M is diversifying, rolling out a new “affordable luxury brand” later this year.

Read Full Article
Source
Business of Fashion
UniqloFast Retailing

You may also like

More Supreme Blanks Turn Up at a Vintage Shop in Japan
Fashion

More Supreme Blanks Turn Up at a Vintage Shop in Japan

Not at your local Kmart this time around.
13,192 Hypes 0 Comments
China's Tencent at $534 Billion USD Now Worth More Than Facebook
Tech

China's Tencent at $534 Billion USD Now Worth More Than Facebook

A first for a Chinese company.
7,915 Hypes 0 Comments
J.W.Anderson x Uniqlo's 2017 Fall/Winter Collection Blends Britain and Japan
Fashion

J.W.Anderson x Uniqlo's 2017 Fall/Winter Collection Blends Britain and Japan

Bringing together the best of two design worlds.
17,608 Hypes 0 Comments
Uniqlo's "Seamless Down" Collection Is the Next Evolution in Winter Wear
Fashion 

Uniqlo's "Seamless Down" Collection Is the Next Evolution in Winter Wear

Winter is coming.
20,136 Hypes 0 Comments
Bitcoin Is Now Worth More Than IBM, McDonald's & Disney
Tech

Bitcoin Is Now Worth More Than IBM, McDonald's & Disney

After hitting an all-time high of $9,721 USD per unit.
16,181 Hypes 0 Comments


What to Read Next

Watch Future & Young Thug Takeover a Group Home in New Video for "All Da Smoke"
Music

Watch Future & Young Thug Takeover a Group Home in New Video for "All Da Smoke"

The first visual from ‘Super Slimey’ arrives.
2,157 Hypes 0 Comments

A $110 Million USD Basquiat Painting Is Coming Back to NYC
Arts

A $110 Million USD Basquiat Painting Is Coming Back to NYC

To be on display at the Brooklyn Museum.
4,950 Hypes 9 Comments

Eminem, Kendrick Lamar, Lil Wayne and More Will Perform at the 2018 Firefly Music Festival
Music

Eminem, Kendrick Lamar, Lil Wayne and More Will Perform at the 2018 Firefly Music Festival

The festival kicks off on June 14 in Dover, Delaware.
2,054 Hypes 0 Comments


BAPE Gives Shark Hoodie a Check Camo Makeover
Fashion

BAPE Gives Shark Hoodie a Check Camo Makeover

Two new takes on the classic piece.
3,640 Hypes 8 Comments

Why Anonymous Artists Never Reveal Their Identity
Arts 

Why Anonymous Artists Never Reveal Their Identity

Key insights from anonymous artists and leading street art figures.
10,157 Hypes 36 Comments

Artist Gustavo Viselner Recreates Iconic TV Shows in 8-Bit
Arts

Artist Gustavo Viselner Recreates Iconic TV Shows in 8-Bit

Everything from ‘Game of Thrones’ to ‘Stranger Things.’
6,001 Hypes 8 Comments

More ▾