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

L-R: Smriti Irani, Vanathi Srinivasan and M Senthilkumar

Textiles | On 30th Sep 2016

Textile industry appeals for cotton fibre security

A pan-India textile industry delegation has urged Union textiles...

Courtesy: Kelheim Fibre

Textiles | On 30th Sep 2016

Kelheim Fibres develops static dissipative viscose fibre

Germany based specialty fibre producer Kelheim Fibres has developed a ...

Apparel/Garments | On 30th Sep 2016

Cambodian workers to get $153 minimum wage from Jan

Garment workers in Cambodia would get a minimum wage of $153 per...

Interviews View All

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search