×
222
Fashion Jobs
TRANSASIA BIO-MEDICALS LTD.
Area Sales Manager - Pune / Sangli / Nanded
Permanent · Pune
TATA AIA LIFE INSURANCE
Openings For Area Sales Manager – Dbs Lvb
Permanent · Chennai
OMSOM GROUP
Looking For Production Manager From Rice Processing Plant - Vashi
Permanent · Navi Mumbai
ALUDECOR LAMINATION PVT LTD
Area Sales Manager(Projects)- Kolkata
Permanent · Kolkata
INCREDIBLE TECHNOLOGIES PRIVATE LIMITED
Opening For Area Sales Manager at Bangalore
Permanent · Pune
MEDLEY PHARMACEUTICALS LTD
Medley - Regional Sales Manager - Pune - Cardio And Diabetic
Permanent · Pune
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Chennai
Permanent · Chennai
SALASAR BALAJI INDUSTRIES
Area Sales Manager
Permanent · Guwahati
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Pune
INDUSIND BANK LIMITED
Area Sales Manager - Home Loan @ Indusind Bank
Permanent · Kolkata
NAVIN FLUORINE INTERNATIONAL LIMITED
Opening For dy. Manager - hf Production at Nfil, Surat
Permanent · Surat
NATIONAL PLASTIC INDUSTRIES LTD
Opening For Area Sales Manager
Permanent · Mumbai
DAMYAA (P.J) FOODS PRIVATE LIMITED
Area Sales Manager - Jabalpur & Chhattisgarh
Permanent · Bhopal
M/S. D2C INSURANCE BROKING PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
XOTIK FRUJUS PVT. LTD.
Area Sales Manager (gt)-Mumbai
Permanent · Mumbai
EXPONENT JOBS
Production Manager (Non Veg - Sausage), Location- Angola (Africa)
Permanent · Angola
SQUARE YARDS CONSULTING PRIVATE LIMITED
Hiring - Area Sales Manager/Business Development Manager
Permanent · Pune
HARI DARSHAN SEVASHRAM (P) LTD
Area Sales Manager - Maharashtra
Permanent · Pune
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Executive/Area Sales Manager
Permanent · Surat
MEDLEY PHARMACEUTICALS LTD
District Sales Manager - Calicut
Permanent · Kozhikode
ROHIT EXTRACTIONS PRIVATE LIMITED
Area Sales Manager / Technical Sales Manager For (Aqua Feed) Gujarat
Permanent · Ahmedabad
FIBERNET SOLUTIONS OPC PVT LTD
Area Sales Manager
Permanent · Bhopal
By
Reuters API
Published
Jul 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fast Retailing hits record high in Q3 as Uniqlo powers on abroad

By
Reuters API
Published
Jul 12, 2018

Japan's Fast Retailing on Thursday reported a record high quarterly operating profit, in a sign the owner of clothing chain Uniqlo was reaping the benefits of a push to expand its overseas sales.



The retailer, which is chasing the top spot in worldwide apparel sales, flagged its ambitions last week when tennis star Roger Federer strode onto the court at Wimbledon in Uniqlo-branded whites, in a sponsorship deal reportedly worth around $30 million annually.

For the quarter ended May, Fast Retailing's operating profit was ¥68.4 billion ($609.41 million), up 37% from a year ago and above an average ¥59.1 billion estimate from four analysts polled by Thomson Reuters I/B/E/S. Results were driven by overseas Uniqlo sales that topped domestic sales for a third consecutive quarter.

Fast Retailing, already Asia's biggest clothing retailer, reiterated its full-year operating profit view of ¥225 billion. Analysts expect better at ¥228.8 billion.

The company's international sales rose 28% and overseas operating profit jumped 65% in the nine months to May, driven mainly by Asian sales of Uniqlo that offers everything from T-shirts emblazoned with robot cat Doraemon designs to office wear such as shirts and blazers.

Fast Retailing, which is expanding Uniqlo's presence in Europe, recently said Denmark would be its ninth country of operation in the region.

Uniqlo's business is growing at home too, despite store numbers plateauing in recent years at just over 800 locations, with sales up 8% in the first nine months of the year. Uniqlo's online sales in Japan were up 33%, accounting for 7.8% of its total domestic sales.

Fast Retailing is determined to grow Uniqlo in the domestic market without using third-party sites, in contrast with another of Japan's top apparel chains, Shimamura Co Ltd, which has just started selling on the Zozotown online mall.

At its low-cost chain GU, sales rose 6% in the nine months to May. Fast Retailing has ambitions to turn GU into a second Uniqlo but has struggled to replicate earlier hits such as ¥990 jeans. Discounting at the chain saw operating profit fall 20% in the three months to May.

© Thomson Reuters 2021 All rights reserved.