Uniqlo
This coverage explores Uniqlo’s strategy, operations, and presence within the UK retail and apparel market. Reporting highlights store openings, product launches, marketing campaigns, sustainability initiatives, and executive decisions shaping the brand’s growth. Designed for retail executives, brand managers, and buyers, the content offers insights into how Uniqlo competes and adapts in the fast-changing fashion retail sector.
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Apr- 2024 -11 AprilClothing & Shoes
Uniqlo revenues jump 9% in H1
Uniqlo’s revenue has seen a 9% increase to 1.59 trillion yen (£8.26bn) in the first half of fiscal 2024 that ended on 29 February. Operating profit for the group rose 16.7% to 257bn yen (£1.3bn), which was fueled primarily by considerably higher first-half profits from operations in North America, Europe,…
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Jan- 2024 -17 JanuaryNews
Today’s news in brief-17/1/24
In a surprising turn of events, inflation in December exceeded economists’ predictions, rising to 4%, contrary to the forecasted decrease to 3.8%. The Office for National Statistics (ONS) reported that the upswing was driven by increases in fuel and tobacco prices. Notably, alcohol and tobacco division prices surged by 12.8%,…
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17 JanuaryClothing & Shoes
Uniqlo files suit against Shein for ‘copying’ viral shoulder bag
Uniqlo is reportedly suing Shein over claims that it has copied its viral “Mary Poppins” shoulder bags, the BBC has reported. The news comes after Uniqlo’s owner, Fast Retailing, filed a petition in the Tokyo District Court against Shein Japan and two subsidiaries in late December. The Japanese retailer argues…
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2 JanuaryNews
Today’s news in brief-2/1/24
Central Group is reportedly considering increasing its stake in luxury department store Selfridges as co-owner Sigma faces financial issues. Central recently became the largest shareholder, converting a £317m loan into equity. Sigma’s Prime Selection unit filed for insolvency, possibly leading to liquidation of assets worth over €19bn, impacting its stake…
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2 JanuaryClothing & Shoes
Uniqlo UK boss to cut prices to attract more shoppers
Uniqlo’s UK boss, Alessandro Dudech, has vowed to cut prices as inflation eases out as it seeks to attract more shoppers to boost its expansion plans, the Telegraph has reported. According to Dudech, the group plans to pass on the falling cost of materials to consumers by cutting prices on…
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Oct- 2023 -12 OctoberClothing & Shoes
Uniqlo owner revenues rise 20.2% in FY23
Uniqlo’s parent company, Fast Retailing, has revealed a 20.2% rise in year-on-year revenues to ¥2.7tn (£15bn) for the year ended 31 August, as the group’s international division surpassed 50% of total revenues for the first time. Fast Retailing also reported that operating profits reached ¥381bn (£2.1bn), which shows a rise…
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Sep- 2023 -25 SeptemberNews
Today’s news in brief- 25/09/23
H&M has reversed its earlier decision to impose a processing fee of £1.99 for in-store returns of online purchases. The initial announcement had been met with public outcry. Now, H&M’s website clarifies that there will be no return fee for parcels returned in-store. However, non-H&M members will still be subject…
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25 SeptemberNews
H&M makes U-turn over in-store return fee
H&M has recently decided not to charge customers a processing fee of £1.99 for online returns made in store, according to the BBC. Last week it was reported that customers were to pay the fee in order to return parcels both in store and online. Now, the retailer has updated…
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Aug- 2023 -31 AugustNews
Uniqlo owner unveils senior team changes
Fast Retailing, the Japanese multinational retail company behind Uniqlo, has appointed its current executive director and chairman Tadashi Yanai as CEO amid plans to accelerate growth. Under this new role, Yanai will continue to lead the managerial decision-making and business expansion processes as well as continuing to guide the formulation…
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Jul- 2023 -13 JulyClothing & Shoes
Uniqlo owner on track to deliver 25% rise in Q3 profits
Fast Retailing, the parent company of Uniqlo, expects to deliver an increase of 25% in profits in the third quarter, following strong growth across all of its markets. Meanwhile, the group raised its full-year financial guidance in April from £2.1bn to £2.2bn after experiencing strong half-year growth in Europe and…
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