JAPAN: Sales Down Again At Uniqlo Operator
Japan's leading casualwear retailer, Fast Retailing Co Ltd, has posted a record 44.2 per cent plunge in May same-store sales at its Uniqlo chain - its eighth consecutive fall in monthly sales.
The results saw its share price fall around 10 per cent on Tuesday. Its previous record fall in monthly same-store sales was in April when they plunged 42.9 per cent compared to the year-ago period.
Uniqlo said it was suffering from the "negative backlash" of good sales results in 2001 when it enjoyed phenomenal growth thanks to its range of fashionable cut-price clothing such as T-shirts and fleece jackets.
Companies: Fast Retailing Co Ltd
Japanese retailer Fast Retailing is to buy French apparel firm Petit Vehicule, owner of the Princesse tam.tam brand and the second-largest lingerie chain in France....
Fast Retailing Co Ltd - which operates the Uniqlo casual clothing chain - has reported a 12.9 per cent sales rise to JPY383.97 billion for the year ended in August, falling short of its target revenue...
Casual clothing giant Fast Retailing Co has announced plans to spend between JPY300 billion and JPY400bn on mergers and acquisitions in the next three years....
Japanese company Fast Retailing Co says it will open its first three stores in South Korea on 2 September through joint venture FRL Korea Co....
Fast Retailing Co, operator of the Uniqlo casual clothing chain, has reported a 4.3 per cent drop in net profit for the nine-month period ended May 2005 due to slow sales and higher expenses....
Retail group Fast Retailing Co is likely to re-appoint Tadashi Yanai as president of the company from September 2005 at the earliest, Japanese News Digest reported....
Store chain giant Fast Retailing Co has announced a 13.7 per cent year-on-year same-store sales rise, on good sales of Body Tech inner sportswear and button-down shirts....
Casual clothing chain Uniqlo has revealed plans to expand into the US with three New Jersey stores this autumn....
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