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.
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.
The global fashion market should grow by 64 billion dollars in five years, according to Kantar. Approximately half of that will come from five major players: Fast Retailing, Inditex, H&M, TJX and Old Navy.
It was the same old story for Uniqlo, the largest chain operated by retail giant Fast Retailing, in January as the company said on Tuesday that its sales in Japan were dented by the wrong kind of weather.