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Fast Retailing Co Ltd

Wacoal Holdings

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


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


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


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


Wacoal America announces CEO succession plan

1 October 2019 | Beth Wright

Wacoal America has named Mitch Kauffman as its new CEO following the announcement of Bob Vitale's upcoming retirement after leading the company for seven years.... 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


Wacoal acquires Lively lingerie brand in $85m deal

2 August 2019 | Beth Wright

The US subsidiary of Japanese lingerie manufacturer Wacoal Holdings Corp is to acquire direct-to-consumer innerwear disruptor Intimates Online for US$85m in a move that gives it a new reach into the millennial market.... 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


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


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


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


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


Warmer winter hits Q1 profits at Fast Retailing

17 January 2019 | Hannah Abdulla

Tumbling sales at Uniqlo Japan have impacted first-quarter profits at parent company Fast Retailing.... read more


US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more


2019 off to a positive start

7 January 2019 | Leonie Barrie

Getting 2019 off to a positive start, it seems US apparel retailers saw some holiday cheer, with strong sales momentum that started during the back-to-school season carrying on to Christmas.... read more


UN sets new Fashion Industry Charter for Climate Action

18 December 2018 | Leonie Barrie

43 leading fashion brands, retailers and suppliers – including Adidas, Burberry, Gap Inc, H&M Group, Inditex, Kering, Levi Strauss & Co, and PVH Corp – are backing the UN’s new Fashion Industry Charter for Climate Action with an initial goal of reducing aggregate greenhouse gas emissions by 30% by 2030.... read more


Decathlon's decade-long eco-labelling project

12 December 2018 | Leonie Barrie

Global sporting goods giant Decathlon is nearing the finishing line on a decade-long project that will see all textile and footwear items labelled with their environmental impact by the end of next year. The data is also enabling more eco-friendly design – and will be made freely available to other companies. The retailer has spoken exclusively to just-style about the initiative.... read more


Lacoste and Fast Retailing join mohair ban

11 December 2018 | Hannah Abdulla

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... read more


Fast Retailing publishes list of Uniqlo core fabric mills

10 December 2018 | Hannah Abdulla

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.... read more


Uniqlo urged again to help Indonesia factory workers

29 November 2018 | Hannah Abdulla

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.... read more


Regional supply chains shape up

26 November 2018 | Leonie Barrie

Regional patterns in world textile and apparel trade are becoming increasingly important, according to an analysis using data from the re:source by just-style sourcing tool. The trend reflects both the changing dynamics of the global economy and the shifting sourcing strategies of fashion brands and retailers.... read more


US-China trade spat spurs sourcing shifts

22 November 2018 | Leonie Barrie

The coming change of control of the House of Representatives following the US mid-term elections will probably do little to stop the escalating tariff disputes between the US and China, the American fashion industry has been warned.... read more


Apparel makers - Let's get virtual

21 November 2018 | Hannah Abdulla

The Virtual Reality market is becoming a bit of a big deal. According to recent forecasts from DigiCapital, the global VR market value could surpass $120bn by 2020. And, as consumers are demanding more from their apparel, combining VR with apparel is something to think about. Cue Google. ... read more


Complexities of multi-channel pricing, sourcing and stock control

15 November 2018 | Leonie Barrie

The fashion industry is operating in a multi-channel world – but when it comes to managing this approach, it seems there is no unanimity of best practice (and often no best practice at all) on multi-channel pricing, sourcing and stock control. Here we unravel some of the complexities.... read more


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