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Fast Retailing Co Ltd

American Eagle Outfitters

Fast Retailing 9M profit, sales slide on Covid impact

9 July 2020 | Hannah Abdulla

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).... read more


US Q1 in brief – Macy's, Stein Mart, Francesca's

2 July 2020 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Macy's, Inc has posted a US$3.58bn loss, while Stein Mart reported a 57% tumble in sales. Elsewhere, PVH Corp has reported an "unprecedented" decline in revenue and earnings and sales at Zumiez have fallen by more than a third.... read more


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp

21 May 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.  ... read more


Global retail staff and salary reductions amid Covid-19 – Update

1 May 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more


Fast Retailing takes steps to safeguard suppliers

27 April 2020 | Hannah Abdulla

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.... read more


Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

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. ... read more


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco

5 February 2020 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. ... read more


Uniqlo Japan uses recycled down in new line

15 January 2020 | Michelle Russell

Fast Retailing clothing brand Uniqlo Japan has begun recycling down extracted from donated items for use in new products.... read more


Fast Retailing engages robot startups to boost warehouse efficiencies

13 November 2019 | Hannah Abdulla

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.... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores

1 November 2019 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. ... read more


Uniqlo and s.Oliver under fire over Indonesia workers

21 October 2019 | Michelle Russell

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.... read more


American Eagle outlines bid to be carbon neutral by 2030

27 September 2019 | Beth Wright

Global specialty retailer American Eagle Outfitters (AEO) has unveiled a series of new sustainability goals, including a plan to be carbon neutral by 2030 and a 30% reduction of water usage in its jeans production by 2023.... read more


American Eagle Outfitters reduces China production

5 September 2019 | Hannah Abdulla

Retailer American Eagle Outfitters says it is continuing to pull production out of China in the wake of new tariffs introduced on imports into the US – and warns if they increase from 15% to 25% it may be forced to pass the cost on to consumers.... read more


Fast Retailing pledges $1.8m to support Asia workers

4 September 2019 | Beth Wright

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.... read more


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands

1 August 2019 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. ... read more


American Eagle launches extended sizing for denim

22 July 2019 | Beth Wright

Global specialty retailer American Eagle Outfitters' (AEO) is expanding its jeans sizes up to a 24 for women and a 48 for men, in a move that will help it drive a more personalised experience in-store and online.... read more


Uniqlo International and GU lift Fast Retailing Q3

12 July 2019 | Beth Wright

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.... read more


Fast Retailing to cut plastic use in its supply chain

3 July 2019 | Beth Wright

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.... read more


Fast Retailing to champion women garment workers

28 June 2019 | Beth Wright

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.... read more


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity

23 May 2019 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.... read more


Fast Retailing discloses all garment supplier factories

13 May 2019 | Hannah Abdulla

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.... read more


Guess and American Eagle join CanopyStyle initiative

24 April 2019 | Beth Wright

US fashion retailer Guess Inc and global specialty retailer American Eagle Outfitters (AEO) are among the latest companies that have pledged to stop sourcing the raw material for their viscose and rayon textiles from ancient and endangered forests.... read more


American Eagle Outfitters launches denim recycling programme

8 April 2019 | Beth Wright

US apparel retailer American Eagle Outfitters (AEO) has partnered with Cotton Incorporated to encourage shoppers to recycle denim with a new campaign that will run for the remainder of the month.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


Nike retains position as world’s most valuable apparel brand

28 February 2019 | Beth Wright

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.... read more


American Eagle Outfitters rolls out subscription service

26 February 2019 | Hannah Abdulla

US apparel retailer American Eagle Outfitters has launched AE Style drop, a rental subscription service for clothing. ... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


US Q3 in brief – Boot Barn Holdings, VF Corp

6 February 2019 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.... read more


Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more


TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more


Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more


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