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Uniqlo operator Fast Retailing raises profit outlook


Uniqlo operator Fast Retailing raises profit outlook
AFP
3 hrs ago
AFP
© Kazuhiro NOGI
Following years of aggressive expansion, Fast Retailing is vying to be the world's most valuable clothing firm
Uniqlo's parent company Fast Retailing said Thursday it expects a stronger rebound in full-year operating profit driven by a solid performance in East Asian countries hit less hard by virus lockdowns.
The Japanese clothing empire forecast 2020/21 operating profit of 255 billion yen ($2.3 billion) -- up slightly from its previous estimate of 245 billion yen.
That marks a rise of 70.7 percent from the year before, when business began to be hit worldwide by the Covid-19 pandemic with many shops forced to close for extended periods.

Uniqlo Operator Fast Retailing Raises Profit Outlook

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Uniqlo Operator Fast Retailing Raises Profit Outlook
By
AFP News
on April 08 2021 6:45 PM
Uniqlo's parent company Fast Retailing said Thursday it expects a stronger rebound in full-year operating profit driven by a solid performance in East Asian countries hit less hard by virus lockdowns.
The Japanese clothing empire forecast 2020/21 operating profit of 255 billion yen ($2.3 billion) -- up slightly from its previous estimate of 245 billion yen.
That marks a rise of 70.7 percent from the year before, when business began to be hit worldwide by the Covid-19 pandemic with many shops forced to close for extended periods.
In the first six months of this financial year, Fast Retailing logged a 0.5 percent dip in revenue year-on-year to 1,202.8 billion yen.

FRCOY Stock Price, Fast Retailing Co Stock Quotes and News


Benzinga - Sun, 28 Mar 2021 12:38:23 -0400
Fast Retailing is Japan's largest apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, thanks to expansion of Uniqlo, which contributes more than 80% of group sales and 90% of profits. As at the end of August 2020, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).

City of Austin Receives 25,000 Articles of Clothing from Global Brand Uniqlo to Help Those in Need


Austin Disaster Relief Network Provides Support Receiving, Sorting, and Distributing the Generous Donation
The global retailer Uniqlo is investing nearly 25,000 articles of new and like-new clothing in support of the Winter Storm Uri response and recovery efforts in Austin. Articles of clothing include shirts, pants, underwear, socks, and wind breakers. In addition to the clothing, donation Uniqlo also contributing 20,000 AIRism protective face masks to the community. The brand is also donating a large portion of like-new clothes that were returned from online purchases.
The City of Austin Homeland Emergency Security Management opened the Emergency Operations Center (EOC) to respond to the weather event. The EOC continues to manage the response and recovery to the severe weather. This includes coordinating water and food resources for distribution. Additionally, the EOC has been partnering with volunteer organizations to provide services to residents.

UNIQLO Debuts at China Import Expo with The Art and Science of LifeWear


UNIQLO Debuts at China Import Expo with The Art and Science of LifeWear
SHANGHAI and TOKYO, Nov. 10, 2020 /PRNewswire/ --
Japanese global apparel retailer UNIQLO confirms today that it has successfully concluded its debut at the annual China International Import Expo (CIIE) held this year from November 5 to 10 in Shanghai. The event also marked the first time UNIQLO hosted
The
Art and Science of LifeWear
, a LifeWear global brand exhibition, in China, following similar events in New York, Paris and London in previous years.
At 1,500 square meters
The
Art and Science of LifeWear was the largest exhibition space in the customer goods category of the CIIE. The space, known as "Museum of Tomorrow," showcased the innovation and technologies behind iconic UNIQLO products, the craftsmanship that goes into creating high-quality clothing, sustainability initiatives, as well as the first public exhibition of the upcoming +J collection in collaboration with legendary designer Jil Sander.

UNIQLO to Launch AIRism Mask in India on October 12: Tech News

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Uniqlo CEO Tadashi Yanai promised to step down at 70 – now he's 71 and wants Fast Retailing to become the world's largest fashion chain – but what don't we know about Japan's richest man?


Uniqlo CEO Tadashi Yanai promised to step down at 70 – now he’s 71 and wants Fast Retailing to become the world’s largest fashion chain – but what don’t we know about Japan’s richest man?
Business Insider
© SCMP
Japan’s richest man, Tadashi Yanai has made his billions through Uniqlo and other clothing brands. Photo: SCMP
Meet Tadashi Yanai, the richest person in Japan, worth an estimated US$31.9 billion - and more than US$6 billion richer than the second-richest person in Japan, Takemitsu Takizaki, according to Bloomberg.
The 71-year-old's fortune largely comes from his position as chairman, CEO and biggest shareholder (he owns 45 per cent) of Fast Retailing, the parent company of Uniqlo. So, how did he get there, and more importantly, what does he like to spend all that money on?

Customer Relations Management Gains New Relevance in Pandemic-Era – WWD

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Courtesy
PARIS — Social distancing may be the new norm, but so, too, is getting up close and personal. While shopkeepers diligently apply bright, new floor markings to regulate store traffic, brands are also busy working behind the scenes to forge deeper, more personal ties with clients.
Customer relationship management has emerged as a key element to pandemic-era strategies as brands and retailers across the spectrum seek to steer their businesses through choppy trading conditions.
“What we are sure of is this crisis will end at some point, and it’s important that the brands actually get out of this tunnel in good shape — in good enough shape at least with their customer assets — the relationship assets — so that if they have cash to restart the engine, they can do that in the best possible way,” said Marc-André Kamel, partner and director of Bain & Company in Paris and leader of the firm’s global retail practice.

Eres, Bonpoint Team Up for Mother, Daughter Swimwear

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Courtesy/Bonpoint
BEACH LIBERTY: Eres and Bonpoint have teamed up on a collection of swimwear for mothers and daughters, bringing a modern breed of French, bourgeois elegance to the beach — or poolside retreat.
The collection, which drops Monday, includes one- and two-piece bathing suits made with the signature Eres fabric in solids — coral pink and sky blue — and accessories in Liberty fabrics, including a light pareo and a canvas tote bag. Prices range from $60 to $300.
“It’s an alliance of houses to make our clients dream,” said Marie-Paule Minchelli, creative director of Eres. 
Also, Minchelli and Bonpoint artistic director Anne-Valerie Hash have known each other over the years; their families even vacationed in the same, Corsican seaside town. 

Departing: two shopkeepers, their cat and part of Paris' soul

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LA
Sun., Jan. 26, 2020
timer6 min. read
PARIS—On a recent evening, Amar Sitayeb squeezed behind a tiny counter at the minimart that he and his older brother Ali Sitayeb have run for more than 35 years in the Marais district of central Paris. A plump grey tabby cat prowled the floor, and faded photos of neighbourhood babies, many now grown-ups, were taped to an old cash register.
A stream of regulars filed in, grabbing potato chips, gum and soda and lingering to exchange gossip and pleasantries. One neighbour with the sniffles bought honey and tea. Sitayeb fished mint for her from a refrigerator. “This should help,” he said.

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