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

Courtesy: LVMH

Fashion | On 29th Jul 2016

Net profit at luxury goods marketer LVMH climbs 8% in H1

Net profit at luxury and premium fashion goods marketer LVMH climbed...

Courtesy: Mitsubishi chemical

Textiles | On 29th Jul 2016

Mitsubishi Chemical to offload PTA units in China, India

Japanese petrochemicals major Mitsubishi Chemical Holdings has...

Apparel/Garments | On 29th Jul 2016

Sales soar 28% at protective gear maker Under Armour in Q2

With net revenues of $1.0 billion in the second quarter ended June...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
June 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search