Uniqlo saw sales at its own stores rise 1.6% 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.

Cold weather and discounts boost Uniqlo January sales