Fast Selling Profits Decline To Close Eight Japanese Stores

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Xiaobian of the network introduced to you the latest annual sales profits decline, plans to close eight Japanese stores.

The latest fiscal year of Fast Retailing,'s parent company, from early September 2013 to the end of August 2014: the group's turnover increased by 21% to 10 billion euros (13830 yen), but the local market grew by only 14.2%.

UNIQLO Japanese sales increased by 4.7% to 5 billion 200 million euros, of which domestic market sales fell to 51.7%, compared with 59.8% in the previous fiscal year.

Sales in the international market increased by 64.7% to 3 billion euros, and the export sales of the brand now account for 29% of fast retailing group retail revenue, and only 22% in the last fiscal year.

Other brands of XXX group were classified into the Global Brands department. Sales revenue increased by 1 billion 800 million euros, an increase of 21.8%, accounting for 18.2% (+0.2%) of the group's total revenue and remained stable.

GU and Theory sales have increased, but profit growth is not obvious; the French brand Comptoir des Cotonniers sales and profits are increasing; in contrast, the French brand Princess TamTam, despite the increase in turnover, has declined in profit.

Affected by tax increases, the purchase of fist products - fluffy coats and sweating vests declined, and group net profit fell by 29% to 74 billion 500 million yen.

Affected by the slowdown in Japan's regional growth, XXX plans to close eight Japanese UNIQLO stores.

However, the overseas market sales exceeded expectations, so the group plans to seize this good momentum and open 185 overseas stores.

The proportion of XXX group accounts for almost 1/10 of the total market value of the Nikkei 225 index.

In the current financial year, Xun Group expects

Will rebound: profit growth of 34%, reaching 100 billion yen, sales increased 16%, reaching 16000 billion yen.