Home / Knowledge / News / Retail / Fast Retailing revenues decline to ¥336 bn in Q3 FY20

Fast Retailing revenues decline to ¥336 bn in Q3 FY20

10
Jul '20
Pic: Fast Retailing/ Uniqlo
Pic: Fast Retailing/ Uniqlo
Fast Retailing, a Japan-based manufacturer and retailer, reported its revenues down to ¥336.4 billion (Japanese yen) in third quarter (Q3) FY20 ended on May 31, 2020, compared to ¥555.1 billion in same period prior year. Year-over-year (YoY) revenues for the nine months period fell to ¥1,544.9 billion compared to ¥1,822.8 billion in same period FY19.
 
Gross profit for Q3 FY20 were ¥174.4 billion (¥285.9 billion). Selling, general and administrative expenses registered a loss of ¥169.2 billion (¥208.6 billion). Company incurred an operating loss of ¥4.3 billion during the reported quarter compared to operating income of ¥74.7 billion in Q3 FY19.
 
Company’s business segment Uniqlo Japan reported decline in its revenue to ¥135.2 billion (¥209.7 billion). In March to May 2020, Uniqlo Japan same-store sales (including e-commerce sales) declined by 34 per cent YoY following the temporary closure of a maximum 311 out of a total 813 stores. However, sales subsequently started to recover from the middle of May onwards once our stores reopened for business, resulting in a significant recovery in sales for the month of June.
 
Revenue of Uniqlo International during Q3 FY20 came down to ¥132.2 billion (¥240.5 billion). From March to May 2020, all markets reported large declines in revenue and profit as a result of Covid-19, but e-commerce sales expanded strongly due to concerted efforts to strengthen digital marketing and expand free delivery services in all Uniqlo International operations
 
GU segment’s revenue were ¥55.1 billion (¥68.1 billion). Global brands revenue slipped to ¥13.2 billion (¥35.9 billion).

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

US firms in some sectors moving out of PRC: Goldman Sachs

Goldman Sachs has said US firms in only specific industries are...

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

Sri Lanka's textile & garment exports down 25% in Jan-July

Sri Lanka’s earnings from textiles and garments exports decreased by...

Pic: Avery Dennison Fastener Solution

Apparel/Garments | On 19th Sep 2020

Avery Dennison’s new tag fastener degrades in soil

Avery Dennison Corporation Fastener Solutions has unveiled a tag...

Interviews View All

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


September 2020

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


Advanced Search