Uniqlo sales growth slows in February
Uniqlo saw sales at its own stores rise 1.6% in February
Thanks to the launch of new favourable spring ranges, casual clothing brand Uniqlo saw sales at is Japanese stores increase in February, albeit at a slower pace than the prior month.
The Fast Retailing-owned brand said same-store sales climbed 1.2% year-on-year, while sales at its own stores increased by 1.6%. Total sales, including online sales, rose 2.4%. This compares to increases of 14.6%, 14.1% and 16% respectively in same-store, directly-run and total sales in January.
Fast Retailing cut its full-year outlook after seeing its first-quarter profit slide. Earnings dropped to JPY48bn (US$405.8m) for the three months to 30 November, compared to JPY68.8bn in the same period of the prior year. Revenue, however, increased 8.5% to JPY520.3bn from JPY479.5bn a year ago.
The company expects fiscal 2016 profit to total JPY110bn, while revenue is forecast to total JPY1.80trn, and operating profit is likely to amount to JPY180bn.
Help test our new apparel sourcing tool.
Fast Retailing Co Ltd (FRC) enjoyed strong growth over 2010-2015, underpinned by market-defying success in its native Japan, and aggressive store openings in Asia Pacific and especially Japan. Its Uni...
Footwear in Japan industry profile provides top-line qualitative and quantitative information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of th...
Top stories this week on just-style include a closer look at Under Armour's first made-in-the-USA apparel collection and the slowdown in its fourth quarter revenue growth, the departure of Ralph Laure...
Footwear in Asia-Pacific industry profile provides top-line qualitative and quantitative information including: market size (value 2011-15, and forecast to 2020). The profile also contains description...
This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate ...
- Using worker surveys to drive supply chain change
- No US rush to Myanmar despite end to sanctions
- Trump and Brexit get a dose of pragmatism
- Rana Plaza four years on – Timeline of change
- Investment continues in Ethiopia clothing sector
- Amazon wins on-demand apparel manufacturing patent
- Driving ban intensifies Myanmar logistics hurdles
- Trump bolsters "buy American" with executive order
- Inditex, Adidas and Patagonia top ethical report
- Calls for supply chain transparency standard
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Myanmar - ISA Country Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts