Fast Retailing Profit Beats Estimates as Per-Customer Sales Rise

Uniqlo Global Flagship in Tokyo's Ginza District | Source: Fast Retailing

TOKYO, Japan — Fast Retailing Co. profit rose 8.8 percent in the fiscal first quarter, beating analyst estimates, as the Japanese casual clothing chain that doubled in market value last year boosted sales per-customer.

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Bargain Cashmere Tests Thrifty Japan’s Taste for Little Luxuries

Uniqlo Fall 2013 Campaign Starring Chloe Sevigny | Source: Uniqlo

TOKYO, Japan — Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan's biggest retailers are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.

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Fast Retailing Joins Inditex, H&M’s Bangladesh Safety Accord

Uniqlo store at The Village, Beijing | Source: Shutterstock

TOKYO, Japan— Fast Retailing Co., Asia’s largest clothing retailer, joined Inditex SA and Hennes & Mauritz AB in signing an accord to improve factory safety in Bangladesh after an April garment complex collapse killed more than 1,000 people.

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Thrift Trumps Abenomics as Japan Shoppers Stick to Bargains

Market at Nissan Stadium Yokohama Japan | Source: Shutterstock

TOKYO, Japan — Japanese apparel firm Fast Retailing Co Ltd has a problem: sales are surging, full-year net profits are expected to rise nearly 28 percent but the customers thronging the stores of its popular Uniqlo brand are far too frugal for its liking.

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The China Edit | Whistles to Launch with Lane Crawford, Fast Retailing, Chinese Tourists Embrace Lower-Cost Luxury, Chanel Ousts Vuitton

Whistles Autumn/Winter 2013 | Source: Whistles

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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Fast Retailing Hasn’t Decided to Join Bangladesh Safety Pact

Uniqlo's Nanjing Road West Store in Shanghai | Source: Fast Retailing

TOKYO, Japan — Fast Retailing Co., Asia’s largest clothing retailer, hasn’t decided if it will join a safety pact to improve fire and building safety in Bangladesh following the country’s worst industrial disaster.

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On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Source: Reuters

HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.

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With an Evolutionary Approach, Uniqlo Aims to Create New Category

Uniqlo Lifewear Presentation | Source: Uniqlo

Earlier this week, BoF spoke to senior executives at the launch of Uniqlo’s new Lifewear concept to understand the guiding principles and goals of an apparel company more rooted in technology than fashion.

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