However, recent financial reports from Uniqlo's parent company, Fast Retailing, showed mixed performance in the Greater China region. In the first three quarters of fiscal year 2024, the region generated revenue of 522.469 billion yen (US$3.41 billion), accounting for 22.1% of its total revenue...
Uniqlo in China is contributing for more than a quarter of Fast Retailing’s revenue, with a year-to-year growth of 15.2%.
However, recent financial reports from Uniqlo's parent company, Fast Retailing, showed mixed performance in the Greater China region. In the first three quarters of fiscal year 2024, the region generated revenue of 522.469 billion yen (US$3.41 billion), accounting for 22.1% of its total revenue...
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Pan Ning, CEO of Uniqlo Greater China, attributed this to a shift in Chinese consumer attitudes toward cost-effective alternatives. "We see a consumption value centered on 'affordable alternatives'—consumers choose more affordable products that are nearly indistinguishable in quality from brand-name ...
UNIQLO has gradually stepped down from the altar in China. Behind it, there is a trend of change in the brand sales pattern. More directly, the event of "Xinjiang cotton" is pointed at. Some time ago, foreign enterprises such as HM and UNIQLO were exposed to boycott Xinjiang cotton produc...
“If Uniqlo does emerge as a winner of down-trading, are they suddenly going to speed up the store expansion target in China? I doubt it,” said Oliver Matthew, an analyst at CLSA. Uniqlo was born during the heart of the Japanese asset bubble, opening its first store in 1984, just a...
你好，就是'中国'，就是你们的国家
Uniqlo has more than 1,000 stores in China, the largest in the world by region, but its revenue falls short of Japan. Ken Okazaki, chief financial officer (CFO) of Uniqlo's parent company Japan Express recently revealed in an interview with Nihon Keizai Shimbun that the number of stores ...
“It signals our confidence in the Chinese economy and the Chinese market”, said Jalin Wu, chief marketing officer of Uniqlo Greater China, adding that the country is Uniqlo's largest overseas market. #InvestShanghai UNIQLO USA 8月14日,日本服装品牌优衣库(Uniqlo)宣布,在6月份新开8家门店后,将...