Fast Retailing Archives - Page 11 of 14 - Inside Retail Asia

Fast Retailing eyes J.Crew

Japanese giant Fast Retailing is in talks to buy US retailer J.Crew. Run by CEO Mickey Drexler, J.Crew is a multi-channel retailer of women’s, men’s and children’s apparel, shoes and accessories. The company operates 330 retail stores, including 257 J.Crew retail stores, eight crewcuts stores and 65 Madewell stores. The acquisition could value J.Crew, owned by TPG Capital and Leonard Green & Partners LP, at as much as $5 billion. The plan would speed up Fast Retailing’s goal to beco…

Uniqlo opens in France

Japanese apparel retailer Uniqlo will open a store in Marseille, France. The store will occupy 685 sqm at Les Terrasses du Port in the heart of Euromediterranea, the biggest business district in South Europe and new cultural area of Marseille and will offer a selected line of men’s and women’s collections. “Fulfilling our ambition to expand across France and Europe, we are thrilled to open our first store in Les Terrasses du Port in Marseille, bringing Uniqlo products to both locals and vi…

Uniqlo to open Tokyo mega store

Japanese apparel brand Uniqlo plans to open a large-scale store in Tokyo’s Ikebukuro in March. The store will span 2644 sqm and will offer the latest products for men, women, kids, and babies. Ikebukuro is a major commercial hub in the north of Tokyo, popular with students. With the launch of the Fukutoshin subway line in the area in 2008, Ikebukuro has seen ever increasing foot traffic, and this trend is expected to continue. Meanwhile, its parent company Fast Retailing said net income…

Uniqlo adds Indonesia store

Uniqlo has added two new stores in Jakarta following the success of its first store at Lotte Shopping Avenue. The Japanese brand’s two new stores opened at Mall Taman Anggrek and Sentra Kelapa Gading and span 2650 sqm and 2000 sqm respectively. The additional stores offer full collections for men, women, kids and babies. According to Yasuhiro Hayashi, CEO of Fast Retailing Indonesia, the Lotte Shopping Avenue store, which opened in June, is doing well. “Jakarta people are very fashio…

Fast Retailing posts sales rise

Japanese retailer Fast Retailing said November same-store sales increased 7.7 per cent. The Uniqlo parent says same-store sales growth was boosted by the colder weather from mid-month which lifted demand for its featured winter ranges. It says Uniqlo has enjoyed strong growth by offering high-quality casual wear at reasonable prices using its SPA (specialty store retailer of private label apparel) business model, which spans product design, manufacture, distribution and retail. Sales at…

Fast Retailing plans Hong Kong listing

Uniqlo parent Fast Retailing is on track for its secondary listing in Hong Kong. The Japanese apparel retailer has signed Morgan Stanley to lead its IPO in Hong Kong in the first quarter of next year. Fast Retailing is already listed in Tokyo and competes with global retailers like H&M of Sweden, Inditex of Spain and Gap of the US. Should the IPO become successful, Fast Retailing will be the third Japanese company to list in Hong Kong after conglomerate SBI Holdings and pachinko ope…

Uniqlo adds Thai stores

Japanese apparel brand Uniqlo has responded to increasing demand in Thailand with three new stores. The additional stores will be at Central Festival Chiang Mai, Central Rama II and Tesco Lotus Phuket. The new stores feature sales floors in excess of 1000 sqm each, and carry the full range of Uniqlo products. “Uniqlo sees increasing demand from both locals and visitors in Thailand, and, working with our partners, is expanding rapidly. This latest launch brings us a total of 14 stores ac…

Fast Retailing marks record sales

Uniqlo parent Fast Retailing said sales topped 1 trillion yen ($10.2 billion) for the first time and operating income hit a new record high in the year to August. The Japanese apparel retailer reported a net income rise of 26 per cent to 90.4 billion yen ($918 million) during the 12 months. The company said net sales of Uniqlo Japan expanded 10.2 per cent to 683.3 billion yen ($6.9 billion), supported by a 7.3 per cent increase in same-store sales. However, a fall in the gross profit margi…

Uniqlo to open in quake town

Fast Retailing-owned apparel chain Uniqlo will open a new store in Kesennuma, a city in northeastern Japan hit hard by the March 2011 earthquake. Scheduled to open on November 29, the new store is a response to calls from locals for a bigger store with a wider range of apparel, and replaces a temporary outlet opened as part of the Uniqlo Recovery Assistance Project to help rebuild communities devastated by the earthquake. At around 530 sqm, the new store is five times the size of the tempo…

World’s largest Uniqlo opens in Shanghai

Japanese apparel brand Uniqlo has opened its largest store in the world – in Shanghai. The new flagship has a retail space of 8000 sqm, significantly larger than its previous largest store in Tokyo’s Ginza district, at 5000 sqm. “We have wanted to open a new Uniqlo global flagship store, and in fact our largest flagship store worldwide, in Shanghai for quite some time and we are very happy to have been able to realise our dream,” said Fast Retailing China CEO Pan Ning. “Our aim is to co…

Uniqlo expands Bangladesh footprint

Japanese apparel brand Uniqlo is to add two new stores in Bangladesh. The new stores will both open in Dhaka on October 4 and 5, through a collaboration with Grameen Healthcare Trust of the Grameen Bank Group. The latest openings follow its first two stores in Bangladesh’s capital in July. In the short space of four months, the stores – called Grameen Uniqlo – have attracted a popular following. “This is the next step towards the vision of a nationwide chain of stores, and we will be…

Uniqlo confirms first Australian store

Japanese fast fashion giant, Uniqlo, has confirmed it will open its first Australian store at Melbourne’s Emporium development in the second quarter of 2014. The new Uniqlo store will be a premium large-scale store with a sales floor of 2180sqm spread over four floors – two basement floors and two above ground floors. Designed as a showcase for the Uniqlo brand, the store will offer visitors a full lineup of Uniqlo apparel ranges across mens, womens, kids, and babies. Shoichi Miyasa…