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.

What a Fashion Company Is Worth Today

In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.


What’s the Plan at H&M?

The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.


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
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections