Fast Retailing's record FY24 sees Uniqlo return to growth in home market [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Yahoo! Finance
expectations to reach new record high" with "sharp increases in revenue and profit". Fast Retailing's group revenue increased 12.2% to JPY3.1tn, up from JPY2.76tn in 2023, while operating profit increased 31.4% to hit JPY500.9bn. Its Uniqlo brand, which had previously struggled in Japan, saw a 50.8% improvement in its gross profit margin with Fast Retailing explaining that international awareness of its Uniqlo brand is also growing. Fast Retailing added Uniqlo had an "extremely strong performance based on an expanded local customer base and additional tourist-driven demand in each market." GlobalData apparel analyst Louise Deglise-Favre told Just Style exclusively Fast Retailing's overall success was "driven by the Uniqlo brand" in Japan but it has also "continued to excel in Europe and America". She continued: "The brand's product offering continues to appeal to international consumers thanks to its simple designs and its value for money credentials.” Fast Retailing FY24
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News
- Uniqlo's chief says fast fashion must change with the times [Yahoo! Finance Canada]Yahoo! Finance Canada
- SFL – Third-Quarter 2024 Financial Information [Yahoo! Finance]Yahoo! Finance
- The new Uniqlo store in Langley's Willowbrook Shopping Centre opens this Friday [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Uniqlo: A Force Of Fabric In The Fast Fashion Sector [Forbes]Forbes
- Wall Street soars to new records as banks rally [Fortune]Fortune