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Fast Retailing’s revenues surge by 6.2%

  

Revenues of Uniqlo-owner Fast Retailing surged by 6.2 per cent to £13.72 billion in the year that ended 31 August 2021.

As per the Apparel Resources, the company’s operating profit also surged by 66.7 per cent to £1.6 billion during the period. It attributed this majorly to Uniqlo operations.

Uniqlo International’s year-on-year revenues rose by 10.2 per cent to post £5.9 billion, while its operating profit jumped by 121.4 per cent to £714 million.

The brand’s online sales grew by 20 per cent in the said period.Region-wise, it posted record performance in China all through the year, while sales improved in Europe and North America since May 2021 following easing of restrictions.

However, there was fall in revenues and profits from south Asia and southeast Asia regions owing to continuous increase in COVID-19 cases. The brand has over 2,200 stores in 25 markets including Japan.

 
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