This article is from WeChat public account: LADYMAX (ID: lmfashionnews) , author: Zhou Huining
No one is a winner forever. Uniqlo, which resisted the fast fashion winter last year, became the first frustrated apparel brand this year.
According to the fashion business news, the Japanese fast fashion Uniqlo parent company Fast Retailing Group recently released the first quarter of fiscal year 2020. In the three months ended November 30 last year, its sales fell by 3.3% year-on-year to 623.4 billion. The yen was about 39.4 billion yuan, and operating profit plummeted 12.4% to 91.7 billion yen or 5.8 billion yuan. This also means that Uniqlo’s past standout has been broken.
In the reporting period, Uniqlo Japan sales fell 5.32% year-on-year to 233 billion yen, and operating profit increased 1.58% to 38,557 million yen. Uniqlo’s overseas revenue fell 3.6% year-on-year to 280,748 million yen, the largest in ten years. The decline, operating profit fell by 28% to 37.8 billion yen, which is the first quarterly decline in earnings since 2016.
The picture shows the main financial data of Uniqlo parent company Fast Retailing Group in the first fiscal quarter
This article is from WeChat public account: LADYMAX (ID: lmfashionnews) , author: Zhou Huining