Home / Knowledge / News / Apparel/Garments / Fast Retailing posts 22% rise in Q1 sales
Fast Retailing posts 22% rise in Q1 sales
13
Jan '14
Driven by a robust performance from its flagship brand, Uniqlo, Japan’s apparel seller Fast Retailing Co. posted an impressive rise in sales revenue in the first quarter of the year ended 31 August 2014.
 
The holding company witnessed a 22.3 per cent rise in consolidated sales at 389 billion yen in the first quarter ended 30 November 2013 from 318.1 billion yen in the same period a year ago.
 
The company’s mainstay operation, Uniqlo, which sells high quality casualwear, witnessed a 1.8 per cent rise in sales at 208.4 billion yen in Q1 FY 2014 from the same period a year ago as sales from new stores more than offset a small contraction in same store sales. The domestic operation of Uniqlo accounts for nearly 54 per cent of the company’s consolidated revenue.
 
Overseas sales of Uniqlo surged by nearly 77 per cent to 114 billion yen in Q1 FY 2014 from the same period a year ago driven by better than expected performance from its operations in China, Hong Kong, Taiwan, South Korea, the US and Europe.
 
UNIQLO International launched 68 new stores and closed two stores in the first quarter of FY 2014, taking the total number of stores to 512 at the end of November 2013.
 
Driven by robust sales revenue, Fast Retailing Co. reported an 8.8 per cent rise in its consolidated net profit at 41.8 billion yen in the first quarter ended 30 November 2013 from 38.4 billion yen in the same period a year ago.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search