
Japanese giant Fast Retailing has reported its consolidated results for the latest half year and said that it exceeded expectations as revenues were higher than predicted and its profits rose sharply.
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Japanese giant Fast Retailing has reported its consolidated results for the latest half year and said that it exceeded expectations as revenues were higher than predicted and its profits rose sharply.
Japanese giant Fast Retailing has reported operating profit above analysts’ expectations and expects the figure to climb further in the year ahead.
Men's and women's contemporary fashion brand Theory is set to collaborate with Dutch fashion designer and former Lanvin menswear designer, Lucas Ossendrijver.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
Uniqlo is set to launch the second round of its latest 'Uniqlo x Theory' collection, a collaboration with New York-based contemporary fashion brand Theory on Friday, May 14.
Fast Retailing released H1 results on Thursday, plus its Japanese Uniqlo performance for March. Both reports showed the business is doing well in general, even if the H1 figures showed some smaller brands struggling.
Uniqlo, GU and Theory owner Fast Retailing has struck a deal with Japanese e-commerce marketplace Mercari that’s a significant one for both brand owners and consumers.
Uniqlo's Japanese owner on Thursday said operating profits were higher than pre-pandemic levels in its Q1, boosted by China's resurgence and strong demand for stay-at-home clothes like jogging pants and loungewear.
Fast Retailing said on Friday that it’s pulling its GU chain out of the South Korean market later this summer. It will close all three of its GU stores in the country, less than two years after it opened there.
Fast Retailing has been hit hard by the coronavirus in Asia and beyond for much of this year and is predicting ongoing challenges, but with a gradual upturn from June.