Uniqlo New York | Source: Covenants Fast Retailing sets sights on US expansion(FT) "Fast Retailing is poised to expand aggressively in the US, where it is opening its largest Uniqlo store on Friday, as part of its plan to globalise operations rapidly and reduce dependence on its home...

'" Fast Retailing Profit Slides 35% (Bloomberg) "Fast Retailing Co., Asia's largest clothing chain, reported a 35 percent decline in first-quarter profit after sales fell at its Uniqlo stores in Japan. Net income for the three months ended November dropped to 22.7 billion yen as

is expanding its presence in Switzerland with the opening of its first store in Geneva, on the prestigious Rue du Rhône, designed by Italian star architect Roberto Baciocchi. Further, the fashion house takes the total number of its stores in the country to seven with two more openings, one...

YAMAGUCHI, Japan —Fast Retailing Co. forecast full-year operating profit will improve 37 percent as the owner of the Uniqlo casual-wear chain recovers from a slump in the last fiscal year by committing to lower prices to win back customers. Operating income will probably be ¥175 billion...

" (CNBC) "Based on feedback from the experts on the ground in China, it seems as if no turnaround in sales at luxury retailers is on the horizon." (CNN) "As its first international style ambassador, Hu will champion British fashion in his homeland and beyond." (Forbes) "It's not that the...

In Japan, Uniqlo lost some of its budget-minded consumers after the company raised prices of last year's fall and winter wear due to rising material costs. A sales dip prompted the company to review its pricing strategy. Fast Retailing cut its operating profit forecast last month for the...

international expansion to face up to its group net profit´s drop. The parent company of Uniqlo said Thursday its group net profit in the September-February period fell by 24.7% to 41.67 billion yen on weak domestic sales of fall and winter clothes at its Uniqlo casual wear chain. Fast...

to become the world's largest casual clothing retailer. The Uniqlo chain, often compared with U.S.-based Gap Inc, stumbled in Japan last year following a spurt that started in late 2008, when it lured downturn-weary consumers with a line-up of budget fashions and heat-trapping underwear. Fast...

TOKYO, Japan — Fast Retailing Co. cut its full-year operating profit forecast as unseasonably warm weather in its Japanese home market hurt sales of winter clothes for the retailer's Uniqlo brand of casual wear. Operating profit will probably be 180 billion yen ($1.5 billion) in the year...

Fast Retailing's forecast cut puts more pressure on Yanai to achieve his goal of 5 trillion yen sales by 2020 and turn Asia's biggest clothing retailer into a world leader. Amid stagnant consumption in Japan, Yanai has adjusted his pricing strategy with a promise to offer the "lowest...

 

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