Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Uniqlo Owner Surpasses Zara Owner for Highest Market Cap in Fashion

A Uniqlo store in Shanghai. Shutterstock.

The value of Uniqlo owner Fast Retailing reached 10.8 trillion yen ($103 billion) at the end of trading Tuesday, exceeding Zara parent Inditex’s 81.7 billion euro ($99 billion) market capitalisation for the first time, Nikkei Asia reports.

Fast Retailing’s stock has climbed since August, spurred by investor confidence in its focus on the China market, WFH-friendly offering and AI-powered omnichannel technology. China, where Uniqlo operates 791 stores, is currently the brand’s second biggest market after Japan. While 60 percent of Uniqlo’s stores are located in Asia, where retail is recovering a faster pace than countries in the West, only around 20 percent of Zara’s store network is in the continent.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Chronicle the ‘Retail Apocalypse’ and emerging retail models, including DTC brands.

At Front Row, Accelerating New Routes to the Consumer

Formed of five different agencies with complementing areas of expertise, Front Row partners with beauty, health, wellness, and consumer brands to accelerate their e-commerce growth. Here, its chief brand officer, Christopher Skinner, shares the challenges and opportunities in reaching new consumers.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Forum
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Forum