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: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search