Net Profit Of Asia'S Largest Apparel Retailer Surged 51.5%

It is reported that as Asia's largest Clothing retailer The company's net profit rose 51.5% to 132 billion 360 million yen ($1 billion 140 million) in the first 9 months of May 31st, the company said Thursday. Turnover grew by 23.9% to 1 trillion and 350 billion yen (11 billion 610 million US dollars). Operating profit increased by 35.5%, reaching 189 billion 270 million yen ($1 billion 630 million), slowing down compared with 40% growth in the first six months of this year.

The company said that all groups' brands were growing in terms of turnover and profits, while UNIQLO's performance was particularly strong. The company also said that because of the depreciation of the yen, the financial bottom line was raised, making the fiscal revenue reach 21 billion yen (US $180 million 600 thousand). This is why the net profit growth is faster than the operating profit.

XXX maintains its annual forecast of its performance. The company expects net profit growth of 61% yen to 120 billion yen ($966 million 320 thousand) under the current exchange rate basis. Annual revenue will increase by 19.3% to 1 trillion and 650 billion yen (13 billion 570 million US dollars).

The group said that the turnover in the first 9 months of UNIQLO international increased by 47% to 481 billion 800 million yen ($4 billion 140 million) and operating profit increased by 55% to 51 billion 900 million yen (US $446 million 630 thousand).

In response to UNIQLO's international business, the group said revenue and profit growth in mainland China, Hongkong, Taiwan and South Korea were significantly higher than expected. Mainland China is the largest market outside UNIQLO outside Japan. Up to the end of May, there were 442 stores in UNIQLO.

The group said it was in Oxford street in London in March. Uniqlo The closure and renovation of the branch led to a decline in the third quarter profits of Europe, but the profits and revenues of the region in the past 9 months are still growing. The company said that due to the continued downturn in sales, UNIQLO led to increased discount and overall business losses.

The company said UNIQLO's performance in the local market exceeded expectations. In Japan, UNIQLO's turnover increased by 12% in the 9 months to 638 billion 100 million yen ($5 billion 490 million) and operating profit rose 21.6% to 113 billion 700 million yen ($977 million 820 thousand). Recently, UNIQLO stores in Japan are rationalizing their sales network to replace smaller stores with larger stores. As of the end of May, Japan has a total of 814 stores.

For other brands of fast selling group, the group said that the turnover and operating profit of fast fashion brand GU both increased by two digits, but the performance of Theory was not as good as expected. J Brand's report showed "sustained operating losses, but turnover is rising." Comptoir des Cotonniers and Princess Tam Tam were flat.

It is also reported that "Uniqlo and Lemaire", one of the most watched and anticipated series of cooperation this year, has been preemptive on Tuesday in Paris. fashion week During the exhibition, the series includes 30 women's wear and 25 men's wear, which will be on sale in Uniqlo and Lemaire in October this year.

The first cooperation series of Uniqlo and Lemaire will be released first in October this year.

Lemaire creative director Christophe Lemaire and Sarah-Linh Tran have been attracted much attention from many fashion designers for their cooperation with the Japanese retailer UNIQLO Uniqlo. In this series, designers also designed many non collar long sleeved shirts, striped Merino wool sweaters or black coat, Navy color, khaki and cream colored overcoat, priced at 19.90 euros (about 136.5 yuan) to 179.90 euros (about 1234 yuan).