
Uniqlo’s Japanese operation continued to haemorrhage sales in April as same-store sales including online sales decreased by 56.5% year-on-year. Meanwhile total sales fell by a slightly wider 57.7%.
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Uniqlo’s Japanese operation continued to haemorrhage sales in April as same-store sales including online sales decreased by 56.5% year-on-year. Meanwhile total sales fell by a slightly wider 57.7%.
Often the sponsor of surprising collaborations, this season Japanese brand Uniqlo has brought together artist Daniel Arsham and the world-renowned video game Pokémon.
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, pushed to the brink by widespread store closures in response to the Covid-19 pandemic.
As criticism mounts over some fashion retailers cancelling orders and not paying suppliers, Uniqlo owner Fast Retailing has said that it has a robust program in place to ensure suppliers get the money they’re owed.
Brand Finance has warned that the fashion sector will be one of the hardest hit by the coronavirus pandemic, as it released the 2020 ranking of the most valuable apparel brands in the world.
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.
Apparel brand Uniqlo’s parent company Fast Retailing has pledged to donate 10 million surgical masks to medical institutions around the world in response to the global spread of coronavirus.
Uniqlo has had some tough months in recent periods with the weather not playing ball. But the Fast Retailing-owned company said on Tuesday that it was in positive territory in its core Japanese stores, in February.
Faced with the retail sector’s troubles and the need for the French department store group to transform itself, the supervisory board has decided to end Le Printemps’ collaboration with Paolo de Cesare, CEO since 2007.
One of the most interesting and impressive retail developments in the UK in recent years, Battersea Power Station, is edging closer to completion with Hugo Boss, Uniqlo and major beauty names taking space there.