Uniqlo’s $50 Billion Brand Puzzle. TOKYO, Japan — The view from the 33rd floor of the Tokyo Midtown tower, home to Uniqlo’s global headquarters, is almost as ‘mega’ as the ambitions of the company’s founder.
By 2020, Tadashi Yanai, chairman, president and CEO of Fast Retailing, Uniqlo’s parent company, aims to turn the Japanese purveyor of colourful, well-designed basics into the world’s number one fashion giant, with revenues of $50 billion per year, surpassing both Zara and H&M, the largest and second-largest apparel chains. In fiscal year 2014, H&M Group reported sales revenues of 151 billion Swedish krona ($18 billion), while Inditex, parent company of Zara, posted sales of 18.1 billion euros ($20.4 billion). Fast Retailing, by contrast, generated 2014 sales of 1.38 trillion Japanese yen ($13.3 billion), of which Uniqlo made up 82 percent.
With less than five years to go before 2020, how will Uniqlo hit its target? “This not their realistic financial target. Growing its global presence. Zara just stepped up its accessories game BIG time. Forbes Welcome. High street retailers fight back against online rivals. Carine Roitfeld to Heat Tech: how Uniqlo became our favourite shop.
Fashion on the British high street: the winners and losers. Zara: going up At the top of the game when it comes to fast fashion, Inditex – the group that owns Zara – is just as swift with its thinking.
How Zara became the world's biggest fashion retailer. This flexibility and efficiency has remained at the heart of Inditex, the company built from Zara that now runs 6,500 shops in 88 different countries and includes seven other brands, including Bershka, Pull & Bear, and Massimo Dutti.
The business model built by Ortega is unique. Zara stores around the world receive deliveries twice a week and products designed at the headquarters in Arteixo reach stores three weeks later. Primark expands on rival Zara's home turf with Spanish flagship store. Welcome. Zara Leads In Fast Fashion. 2015 Top 250 Global Powers of Retailing. Global economic outlook The global economy appears to be decelerating as several large economies face increasing trouble.
Of primary concern are China and the Eurozone, as well as a few key emerging markets like Brazil and Russia. China has experienced decelerating growth as it struggles to balance the need to avoid excessive credit growth with a desire to keep the economy moving. In Europe, weakness in credit markets is preventing economic growth from resuming at a normal pace. On the other hand, the brightest spots in the global panorama are the U.S. and British economies. Among the big issues having a global impact are: The shift in U.S. monetary policy The Federal Reserve has ended its program of asset purchases and is now assessing when to raise short-term interest rates for the first time in eight years. Energy production in the United States This has risen precipitously due to the new technology of horizontal hydraulic fracturing of shale rock — better known simply as “fracking.”
Plans afoot for Superga as Topshop tests street appeal of Italian sneaker. Italian sneaker Superga steps into the Australian market at Topshop Melbourne.
Photo: Eddie Jim The man who brought Topshop to Australia is betting a 100-year-old Italian sneaker is going to be this summer's must-have footwear. High street chain River Island in fashion as sales and profits soar. Rihanna launches her collection for River Island at the Oxford Street store in March 2013 (Source: Getty) River Island saw profits jump by almost 70 per cent last year, boosted by the rise in mobile shopping and recent collaborations with popular celebrities such as Rihanna.
The fashion chain, which is privately owned by the Lewis family, reported pre-tax profits of £149.1m in 2014 compared with £88m the previous year. Sales increased by 10.4 per cent to £925.8m, accounts filed last week on Companies House show. River Island invested heavily in recent years in improving its IT systems and opening new stores, which has helped boost sales. Asos reports small rise in annual profits - BBC News. Image copyright Getty Images Online clothing retailer Asos has reported a 1% rise in pre-tax profit to £47.5m for the year to the end of August, compared with £46.9m a year earlier.
It said UK retail sales were 27% higher in the year to £474m. Total global retail sales were 17% higher at £1.12bn. The annual results come a month after ASOS chief executive Nick Robertson stood down from the company he founded 15 years ago. Market Report: Asos and Next on trend as fashion retailers climb. Forget Primark, the real bargains are at Asos.
Well, stock market bargains that is. Mon, 28 September 2015. Primark makes understated US debut as Boston flagship opens. Preparing for a possible stampede, the Irish discount retailer Primark had set up row upon row of crowd control barriers in front of its flagship Boston store – its first in the US.
It didn’t need them. Years of planning have gone into the opening. JD Sports celebrates record 80% profit rise. JD Sports’s first-half profits rose more than 80% to a record £46.6m, as sales of trainers and other sports fashion boomed on UK high streets.
In the six months to 1 August, pre-tax profit before exceptional items jumped 82%, from £25.5m a year earlier, as revenue surged 21% to £809.9m. Statutory pre-tax profit rose 88%. BHS chief says with 1m customers a week the future is bright. The chief executive of BHS has insisted the department store chain has enough cash to survive but warned it could take two to three years to turnaround the business. Darren Topp said it would be “hard bloody work” to revitalise BHS but the controversial new owners of the high street retailer are “incredibly supportive”. Sir Philip Green, the retail tycoon, sold BHS for £1 in March to a little-known collection of financiers, lawyers and accountants. Zara owner Inditex boosts profits by 26%