Uniqlo parent’s global markets shade home

UNIQLO Australia_EastlandUniqlo’s parent company Fast Retailing has seen international market sales eclipse its domestic revenue for the first time.

While sales in Japan rose 8 per cent on the year to 257 billion yen ($2.31 billion) for the first quarter ended in November. Overseas sales grew more sharply, surging 31 per cent to 258.2 billion yen.

“Southeast Asia & Oceania contributed to the rise in Uniqlo international revenue thanks to strong sales of summer items designed for year-round hot weather and buoyant demand for winter items from overseas travelers,” the company said in a statement.

Fast Retailing kept its full-year projections through to August 2018, expecting group net profit to rise 1 per cent to 120 billion yen.

On Thursday, Uniqlo Australia announced the next phase of its Australian expansion, confirming the opening off its first store in Western Australia.

The Plaza Arcade location marks the retailers entrance into a fourth state, in addition to Victoria, New South Wales and Queensland – which it said underlined the brand’s commitment to growing Australia as a key market in the Asia-Pacific region.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

How have private-label products impacted your business?
Vote

Twitter

The shock @LiberalAus victory over the weekend could be good news for Australia's retail industry #retail #auspol https://t.co/qFvHayoF2Q

7 days ago

A new initiative, announced by @google at #CopenhagenFashionSummit,will help to understand the environmental impact… https://t.co/VmLrRHHp3p

2 weeks ago

Rising competition and crude oil prices have impacted @CaltexAustralia net profits in the first quarter of 2019… https://t.co/OE4VaIIReR

2 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered