Uniqlo Q3 revenues reach £4bn

At a press conference this week in London, Unique confirmed its commitment to sustainability by announcing its new recycling initiatives in partnership with Toray.
Uniqlo's new launches affirm the retailer's commitment to sustainability amidst fast fashion concerns.
// Uniqlo parent company Fast Retailing said third-quarter revenues rose 7.3% to £4bn
// For the 3 months to May, Uniqlo’s operating profits jumped 9.3% to £550m

Uniqlo owner Fast Retailing has recorded a rise in third quarter revenues despite its Japan division suffering from a sales decline.

The Japanese fashion retailer’s third quarter revenues rose 7.3 per cent to ¥555 billion (£4 billion).

Meanwhile for the three months to May, Uniqlo’s operating profits jumped 9.3 per cent to ¥74.7bn (£550 million).

At Uniqlo International, of which Uniqlo in the UK is a part, operating profit increased by 14.9 per cent to ¥36.3 billion (£267 million) while revenue was up 14.5 per cent to ¥240 billion (£1.7 billion) for the period.

Uniqlo Japan said it expected a dip in both revenue and profits as it shifted the date of its anniversary sale later to June.

Revenues slipped 0.5 per cent to ¥209.7 billion (£1.5 billion), and operating profit was down £210 million at ¥28.9 billion, which is a decrease of 7.5 per cent on the previous year.

However, Fast Retailing’s expectation for the full-year performance remain unchanged, with operating profit forecast expected to be at ¥260 billion (£1.9 billion), which is an increase of 10 per cent from last year.

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