Fast Retailing has announced it has developed a new denim washing process which will help it save 3.7 billion litres of water by 2020, when the technology will be used to make all jeans sold by the group.
Fast Retailing, owner of Japan’s popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
Roger Federer said on Tuesday his decision to end a 20-year association with Nike and embark on a new chapter with Uniqlo was influenced by Uniqlo’s commitment to stay with him long after his playing days are over.
Fast Retailing’s Uniqlo chain has had a strong August in its domestic market with like-for-like sales up by a healthy 8.8% with online included. But they were also up by a strong 7.4% in physical stores only.