Fast Retailing Co Ltd
Apparel and textile industry company news
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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.
Marks & Spencer tops human rights benchmark
UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.
Activists pressure Uniqlo on Indonesia severance pay
After pressuring Fast Retailing to publish the supplier list for its Uniqlo casual clothing chain, activists are now urging the Japanese corporation to settle wage and severance payments at a former factory in Indonesia.
Fast Retailing reveals core Uniqlo factory list
Japanese retailer Fast Retailing has published the names and locations of the 146 factories that manufacture garments for its Uniqlo casual clothing chain, in a bid to increase transparency across its supply chain.
Fast Retailing to reveal supplier list
Fast Retailing, owner of the Uniqlo casual clothing chain and Asia's largest fashion retailer, has confirmed to just-style it is preparing to make its supplier list public within 2017.
Fast Retailing Q1 profit soars by 45.1%
Uniqlo owner Fast Retailing has posted an increase in both earnings and revenue for the first quarter of fiscal 2017, booking a 45.1% leap in profit for the period.
Fast Retailing opens denim R&D facility in Los Angeles
Fast Retailing, owner of the Uniqlo casual clothing chain and Asia's largest fashion retailer, has established its first facility to research and develop new fabrics, fit and finishes for its denim products.
Fast Retailing invests in knitwear Innovation Factory
Fast Retailing, owner of the Uniqlo casual clothing chain and Asia's largest fashion retailer, has invested JPY400m (US$3.8m) in a joint venture with specialist knit machinery manufacturer Shima Seiki Mfg, in a move designed to increase production of its Wholegarment seamless knitwear.
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