The retail group behind Uniqlo has forecast another record year amid a boost from strong international growth.<\/p>\n
It came as Japan-based Fast Retailing reported it was facing some higher transport costs amid the conflict in the Middle East.<\/p>\n
Nevertheless, the fashion business reported stronger profits for the past half-year.<\/p>\n
Fast Retailing told shareholders on Thursday that operating profits lifted by 31.7% to 400.6 billion yen (\u00a31.88 billion) for the six months to February 28.<\/p>\n
Revenues for the period were up 14.8% to 2.05 trillion yen (\u00a39.64 billion), compared with the same period a year earlier.<\/p>\n
The company said it has been buoyed by the continued global expansion of the Uniqlo brand, with the new store openings in recent months.<\/p>\n
As part of its growth plans, Uniqlo is opening its first store in Bristol later this month and is also set to open in Leeds in 2026.<\/p>\n
The group added it was also boosted by strong sales of both winter products and \u201cyear-round\u201d lines.<\/p>\n
Uniqlo International revenues jumped by 22.4%, while business profits from the division were up 37.4%.<\/p>\n
This included an increase in half-year revenues across the key Greater China region.<\/p>\n
Operations in Europe and North America both delivered double-digit sales growth on the back of store openings and positive demand for winter clothing.<\/p>\n
Fast Retailing said it is on track to deliver sales growth of 14.7% and operating profit growth of 24.1%, to around 700 billion yen (\u00a33.24 billion) in the current financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"The retail group behind Uniqlo has forecast another record year amid a boost from strong international growth. It…\n","protected":false},"author":2,"featured_media":383424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,18259,85,46,183103,18260],"class_list":["post-383423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-fast-retailing","tag-il","tag-israel","tag-strong-international-growth","tag-uniqlo"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/383423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=383423"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/383423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/383424"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=383423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=383423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=383423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}