Fast Retailing

The company was founded under the name of Unique Clothing Warehouse in Hiroshima by the executive Tadashi Yanai in 1984. The company changes its name for Fast Retailing in 1991 and started listing in the Hiroshima stock exchange in 1994. The group is the owner of brands like Uniqo, J Brand, Theory or Comptori des Cottoniers.

Uniqlo’s parent company attributes the drop in revenue to the poor evolution of its subsidiary in South Korea and the impact of the crisis in Hong Kong.

The Japanese owner of Uniqlo reached in 2019 the second position in the global fashion podium, thanks to exchange rates.

Uniqlo’s owner group has partnered with Mujin and the startup Exotec Solutions to increase the automation of its facilities, with an investment of 100,000 million yen.

Uniqlo one step closer to subscription: tries customer sampling program

The company has launched a new service for the users of its app in which they can sample different products each week.

The Japanese company currently operates with three stores in Spain: two in Barcelona and one in Madrid, to which a third will soon be added in the Spanish city.

Koh Kobayashi (Uniqlo): “Zara is not our biggest competitor”

The director of operations of the Japanese company has spoken about his new opening and how they face the challenges to become the world's first fashion retailer by revenue.

Most read

The Japanese fashion retailer, owned by Fast Retailing, will open its first shop in Denmark next spring, expanding its presence across nine European markets.

The owner of Uniqlo has closed its last fiscal year with a revenue of 21.3 billion dollars (at yesterday’s exchange rates), overcoming 21.1 billion dollars registered by H&M.

The Japanese fashion giant has closed its fiscal year with a revenue of 21.2 billion dollars, an increase of 7.5% compared to the previous year.

The Japanese company owned by Fast Retailing has opened a 3,250 square meters store in the DLF Ambience shopping mall in New Delhi.

The company, owned by Fast Retailing, has been collecting its Ultra Light Down jackets in its stores to produce new ones with them.

The inventory of the four giants has risen by 66% since 2014. H&M and Fast Retailing hold the largest stock, at around 20% of their annual revenue.

Fast Retailing’s chain has announced the opening of a store in Spain next autumn, consolidating its European strategy.

Fast Retailing had a revenue of 644.4 billion yen (5.1 billion euros) between November and January. The earnings of the group, on its behalf, stood at 80.2 billion yen (643 million euros).

The textile machinery manufacturer has been working with Fast Retailing in the innovation centre the latter owns in Los Angeles, and from now on, several of the Spanish company’s technologies will be integrated in the Japanese brand’s suppliers.

The company ended fiscal 2017 (concluded the 31st of August 2017, before enterin Spain), with a revenue of 410 million euros and a net profit of 12.6 million in the European market.

Fast Retailing’s chairman explained that this region, home to four billion people, “is the engine of the world and I’m assuming this is the biggest trend.”

Profiles

Bernard Arnault

President and CEO of LVMH

Pier Paolo Righi

CEO of Karl Lagerfeld

John Donahoe

CEO of Nike

Jesús Gil

Head of Southern Europe in Esprit

Taku Morikawa

General manager of Uniqlo Europe

Tadashi Yanai

Founder and CEO of Fast Retailing

Jack Ma

Founder of Alibaba

Gaston Bottazzini

General manager of Falabella

View all profiles