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A brand-new store opened last week in Tokyo’s Harajuku fashion district but it has a twist: shoppers are meant to walk away empty-handed. The GU Style Studio store, opened by Asia’s largest clothier and Uniqlo operator Fast Retailing Co., is for customers to…
Japanese casualwear retailer GU will open a “next-generation” Style Studio in Harajuku this month, merging physical retail and advanced technologies. The studio will feature digital signage and a style creator app in the high-end retail district of Tokyo for…
G.U, a casual clothing retailer owned by the parent company of Uniqlo, opened its first Korea store in the Lotte World Mall in southern Seoul on September 14 with the promise of bolder patterns and slightly lower prices that can’t be found at its better-known…
Solid overseas growth helped Japanese apparel retailer Fast Retailing post a record quarterly profit. Uniqlo Asia sales proved the star of the business. For the three months to May, Fast Retailing’s operating profit was 68.4 billion yen (US$608 million), 37…
Fast Retailing Group brand Gu plans to launch in South Korea this year with a store in Lotte World Mall in Jamsil, Seoul. With the brand message “Your freedom”, the Japanese clothing store will have a sales floor area of 1400sqm and offer items for women, men…
Japanese retail holding company Fast Retailing intends to have 1000 shops for its low-cost GU brand overseas in 10 years, up from about 10 foreign stores now. GU sells clothing often priced at about half that of stablemate Uniqlo. Fast Retailing will expand…
Revenue rose but profit fell for Uniqlo parent The Fast Retailing Group for the first nine months of its latest fiscal year, from September 1 last year to May 31. Consolidated revenue for the group reached ¥1.4346 trillion (US$215 billion), a rise of 6.4 per…
Uniqlo profit has plummeted in the Japanese fast fashion chain’s first half year. Parent Fast Retailing has revealed a 33.8 per cent decline in year-on-year surplus, despite a 6.5 per cent increase in sales from September 2015 to February 2016. Consolidated…
Uniqlo, Asia’s largest apparel retailer, has delivered a disappointing set of results for the quarter to November 30. While revenue rose 8.5 per cent year on year to ¥520.3 billion (US$4.44 billion), profit fell 16.9 per cent to ¥75.9 billion ($647.1…
Japanese retail company Fast Retailing has launched HELP, a global initiative to help clothe refugees. The project – dubbed 10 Million Ways to HELP will be run in conjunction with the UNHCR. Collection starts at Uniqlo and GU on October 2 at stores around…
