Fast Retailing Co Ltd
Apparel and textile industry company news
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Fast Retailing 9M profit, sales slide on Covid impact
Uniqlo-owner Fast Retailing has booked a 42.9% fall in profits for the nine months to May with sales declining 15.2% year-on-year to JPY1.54trn (US$14.3bn).
Fast Retailing takes steps to safeguard suppliers
The owner of the Uniqlo and Gu brands, Fast Retailing, says it is rolling out a series of measures to cut the risk of Covid-19 to its manufacturing partners and workers across its supply chain, including payment to its suppliers for complete orders and orders where production has started.
Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.
Uniqlo Japan uses recycled down in new line
Fast Retailing clothing brand Uniqlo Japan has begun recycling down extracted from donated items for use in new products.
Fast Retailing engages robot startups to boost warehouse efficiencies
Japan's Fast Retailing Group, the owner of brands including Uniqlo and Gu, has employed two robotic startups to help improve efficiency in warehousing and distribution.
Uniqlo and s.Oliver under fire over Indonesia workers
Worker rights campaigners have filed a complaint with the Fair Labor Association against Uniqlo-owner Fast Retailing and German clothing brand s.Oliver over the failed settlement of wage and severance payments at a former supplier in Indonesia.
Fast Retailing pledges $1.8m to support Asia workers
Japanese retail giant Fast Retailing is to invest US$1.8m in a new programme with the International Labour Organization (ILO) to improve social security systems and worker environments in Asia.
Uniqlo International and GU lift Fast Retailing Q3
Retail giant Fast Retailing, owner of the Uniqlo casual clothing chain, has reported revenue and profit gains for the third quarter, boosted by strong performances from the company's Uniqlo International and GU segments.
Fast Retailing to cut plastic use in its supply chain
Japanese retail giant Fast Retailing is to eliminate the use of unnecessary plastic throughout its supply chain and reduce up to 85% of the amount of single-use plastic packaging at group stores by the end of 2020.
Fast Retailing to champion women garment workers
Japanese retail giant Fast Retailing is to invest US$1.6m in a new programme for female workers in garment factories in Asia as part of a partnership with UN Women.
Fast Retailing discloses all garment supplier factories
Japan's Fast Retailing has moved to increase its transparency efforts, disclosing all the garment factories supplying its Theory, PLST and other brand factories as well as Uniqlo and GU.
Nike retains position as world’s most valuable apparel brand
US sporting goods giant Nike has once again retained its position as the world's most valuable apparel brand, strengthening its position with a 16% rise in brand value since last year, new figures show.
Warmer winter hits Q1 profits at Fast Retailing
Tumbling sales at Uniqlo Japan have impacted first-quarter profits at parent company Fast Retailing.
Lacoste and Fast Retailing join mohair ban
Fashion firms Lacoste and Fast Retailing are the latest to join a long list of companies that have banned mohair from their products following reports of goats mutilated and killed in shearing sheds
Fast Retailing publishes list of Uniqlo core fabric mills
Japan's Fast Retailing has published a list of the core fabric mills used by its Uniqlo casual clothing brand in a bid to boost transparency and sustainability efforts across its supply chain.
Uniqlo urged again to help Indonesia factory workers
Worker rights campaigners are continuing to urge Uniqlo-owner Fast Retailing to settle wage and severance payments at a former supplier in Indonesia – with the Japanese corporation again saying that even though it was not one of the factory's major buyers it has made several offers to help workers find new employment.
Fast Retailing commits to UN Global Compact
Japanese retail giant Fast Retailing has become the latest signatory to the UN Global Compact.
Fast Retailing FY boosted by strong Uniqlo performance
Japanese retail giant Fast Retailing saw both earnings and sales rise in its last fiscal year, boosted by a strong result from the company’s Uniqlo operations.
Fast Retailing insists "acted lawfully" in Indonesia as worker mistreatment claims linger
Fast Retailing — owner of the Uniqlo brand — has insisted it "acted lawfully" throughout the process of the closure of its Indonesian supplier factory, as it continues to be bombarded with allegations of worker mistreatment and failure to compensate workers since the factory went bust in 2015.
Fast Retailing US$885m warehouse automation will cut 90% staff
Uniqlo owner Fast Retailing Co. has teamed up with Daifuku — a material handling systems provider — to automate its warehouse and distribution system, which it has reportedly invested JPY100bn (US$885m) in.
Uniqlo to enter South Asia with first India store
Japanese casual clothing brand Uniqlo is to open its first store in India next year in a move that marks the Fast Retailing-owned label's entry into South Asia.
Fast Retailing joins Canopy forest-friendly sourcing policy
Fast Retailing, owner of the Uniqlo casual clothing chain, has become the latest company to sign up to Canopy's policy that commits brands to stop sourcing the raw material for their viscose and rayon textiles from ancient and endangered forests.
Fast Retailing ups FY on better than expected H1
Uniqlo owner Fast Retailing has posted an increase in both earnings and revenue for the first half of fiscal 2018, booking much higher-than-expected first-half revenue and profit gains.
12 of the world's most innovative fashion companies
Six apparel retailers have made it onto Fast Company’s annual ranking of the world's Most Innovative Companies (MIC) for 2018, while another six clothing specialists are seen as pioneers in the ‘Style’ category.
Uniqlo founder Yanai to hand over presidency in two years
Uniqlo founder Tadashi Yanai is to step down from his role as president of Fast Retailing upon turning 70 in around two years time, but will continue as chairman in order to handle corporate governance and advise on how to proceed in the future.
Fast Retailing FY net profit soars by 148.2%
Uniqlo owner Fast Retailing has posted record levels of revenue, operating profit and net profit in fiscal 2017, booking a 148.2% hike in net profit for the year.
Uniqlo workers in Canada complain of unfair conditions
Uniqlo employees in Canada have filed an application with the Ontario Labour Relations Board (OLRB) to form a union after complaining of stressful and unfair working conditions at the company's Toronto Eaton Centre store.
Fast Retailing nine-month profit soars 69%
Higher sales and a foreign exchange gain helped boost earnings for Fast Retailing, owner of the Uniqlo casual clothing chain, in the first nine months of the year.
Dior, Nike and Inditex world's largest apparel companies
Parisian fashion house Christian Dior, US sporting goods behemoth Nike, and Spanish clothing giant Inditex have all topped Forbes' 2017 The World's Biggest Public Companies ranking.
Fast Retailing H1 profit soars by 106.7%
Uniqlo owner Fast Retailing has posted an increase in both earnings and revenue for the first half of fiscal 2017, booking a 106.7% leap in profit for the period.
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