TOKYO, Japan — Fast Retailing Co., Asia’s biggest clothing retailer, fell the most in 10 months in Tokyo trading after lowering its annual profit forecast, citing higher costs and weak demand.
TOKYO, Japan — Fast Retailing Co., Asia’s biggest clothing retailer, cut its forecast for annual profit amid slowing demand for the company’s casual clothing in Japan.
HONG KONG, China — Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut — a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world's top clothing firm.
TOKYO, Japan — The Japanese owner of Uniqlo is in talks about a potential acquisition of J. Crew Group Inc., the U.S. retailer owned by TPG Capital and Leonard Green & Partners LP, two people with knowledge of the matter said.
TOKYO, Japan — Fast Retailing Co's casual clothing brand Uniqlo is rethinking its "Made for All" strategy, looking to offer lower priced lines in smaller Asian cities and more generous sizes to fit the U.S. market, a top executive said on Tuesday.
Uniqlo has reached saturation in Japan and is now focusing almost all of its investment overseas, where it plans to open more than 400 stores in the next few years, with the aim to drive ¥3 trillion in international sales by the end of 2020. To reach this target it may also need to make a major overseas acquisition. JapanConsuming reports.
Uniqlo owner Fast Retailing Co., the Japanese clothing company on an overseas expansion drive, plans to list depositary receipts in Hong Kong. Fast Retailing doesn’t plan to sell new shares or raise funds through the listing, it said in a statement to the Tokyo Stock Exchange today. The receipts will trade on Hong Kong’s stock exchange on March 5, it said.
TOKYO, Japan — Fast Retailing Co.’s Uniqlo brand reported its biggest sales gain in almost four years in Japan as Asia’s largest clothing retailer benefited from strong demand for summer apparel.
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.