uniqlo fashions strong profits
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

from international sales

Uniqlo fashions strong profits

Arab Today, arab today

Arab Today, arab today Uniqlo fashions strong profits

Foreign Uniqlo sales outstripped domestic for the first time.
Tokyo - Arab Today

Japan's Fast Retailing said Thursday that sales at its Uniqlo stores abroad had outstripped domestic demand for the first time, as Asia's biggest retailer delivered quarterly earnings that beat market expectations.

Driven by a strong performance in China and the wider Asia region, overseas sales at the cheap-chic Uniqlo chain soared by nearly one third to 258 billion yen ($2.3 billion), just beating the 257 billion yen from domestic sales.

Uniqlo also saw solid revenue growth in the United States, France and Russia.

Total net profit came in at 78.5 billion yen in the three months to November, up 12.7 percent from the same period the preceding year, said Fast Retailing, a rival to Zara, Gap and H&M.

The result beat a median forecast of 63 billion yen from analysts surveyed by Bloomberg.

Meanwhile, operating profit jumped 28.6 percent to 113.9 billion yen as sales gained 16.7 percent.

"Uniqlo Japan generated higher-than-forecast profit from buoyant demand for its staple fall/winter 2017 products, while Uniqlo International revenue also rose significantly," the firm said in a statement.

A cheaper yen boosted raw material costs but also inflated the yen-denominated value of assets held overseas.

Fast Retailing left its forecasts for its full year to August 2018 unchanged.

It sees net profit of 120 billion yen on sales of 2.05 trillion yen, a 10-percent year-on-year gain as it aims to open more stores outside Japan.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uniqlo fashions strong profits uniqlo fashions strong profits

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uniqlo fashions strong profits uniqlo fashions strong profits

 



GMT 20:53 2018 Monday ,22 October

PM Imran Khan to leave for Saudi Arabia today

GMT 08:20 2018 Tuesday ,16 January

Lamborghini races to new sales record

GMT 00:19 2017 Wednesday ,13 December

Switzerland chainsaw attack: 5 hurt in Schaffhausen

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 20:53 2017 Tuesday ,07 March

Syrian forces retake Aleppo water-pumping station

GMT 11:15 2017 Monday ,01 May

Hanan Metawe reveals details of her accident

GMT 03:07 2017 Monday ,27 March

Bulgaria's Borisov bounces back again

GMT 22:18 2017 Thursday ,16 November

Hariri to arrive in France Saturday to meet Macron

GMT 06:43 2017 Monday ,13 February

Pakistan retaliates after US denies politician visa

GMT 07:49 2017 Tuesday ,28 November

Hussein Fahmy underlines financial sources
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday