UNIQLO 2019 Revenue Growth In The First Half Of The 6.8% China Region Double-Digit Growth

In April 11th, the fast selling group of UNIQLO parent company released the first half of September 2018 (-2019 February) performance report in 2019. The report shows that both the consolidated income and the operating profit have increased. The total revenue has reached 12676 billion yen, an increase of 6.8% compared with the same period last year, and the total profit from the combined operation was 172 billion 900 million yen, up 1.4% over the same period last year. At the same time, in the first half of the year, the consolidated income, operating profit and the profit attributable to the parent company all hit a record high in recent years.

At present, the performance of fast selling global brands in the Japanese market and overseas markets is still showing a double cold day. Its brand UNIQLO and GU have recorded an increase in the first half of the overseas market and operating profits, but UNIQLO's same data in Japan have been recorded.

The report shows that overseas UNIQLO revenue reached 580 billion yen, an increase of 14.3% over the same period, operating profit of 88 billion 400 million yen, an increase of 9.6% over the previous year, and UNIQLO's half year cumulative revenue of 491 billion 300 million yen, operating profit of 66 billion 700 million yen. That is to say, the total revenue of UNIQLO's global market is 10713 billion yen in the first half of the year. We can see that UNIQLO's status as the most profitable clothing brand of fast selling group is still unshaken.

UNIQLO has been pursuing overseas strategy for a long time, but its reliance on the Greater China region, especially the mainland market, has not changed. Overseas UNIQLO's excellent performance in the first half of this year has won the "commendation" of the fast marketing group. According to the report, sales in China's mainland market are still strong in all parts of the world, and earnings and profits are still growing at double-digit growth. The growth rate of China's mainland market returns and profits is still at a high level of about 20%.

In addition to the Greater China region (including Mainland China, Taiwan and Hong Kong and Macao markets), the growth of UNIQLO in Southeast Asia and Oceania is also strong. In the first half of this year, the net sales of same stores in both regions registered an increase, and both earnings and profits increased significantly.

In fact, it seems that UNIQLO's overseas market has not disappointed the fast selling group, except for the only short board, the North American market.

In the Asian market, UNIQLO, which frequently conquests the city, entered the US market for the first time in 2004. Since then, it has suffered setbacks for more than ten years. In the first quarter of 2018, UNIQLO first reversed its deficit in the us to achieve a surplus. In the first half of this year, its operating profit in the United States continued to turn a profit, which further enhanced the brand's confidence in the North American market. UNIQLO's operating profit in Europe was flat.

During the first half of the year, UNIQLO opened its first store in Amsterdam, Holland in September 2018. In October of that year, it opened the largest flagship store in Southeast Asia in Manila, Philippines. Xun marketing group said that the overseas UNIQLO business was driven by the cause of Greater China and Southeast Asia, and entered the next stage of growth.

As for another major clothing brand GU, which has been pushing forward in recent years, Xun said that in addition to the continuous development of the Japanese market, the expansion of the international market in addition to the Greater China region will also focus on the South Korean market.

In view of the expected performance in the first half of the year, XXX group revised the profit and profit of the business downwards, but the total revenue is expected to reach 23000 billion yen in the whole year. The estimated value of the whole year is still the highest ever. As for the total number of stores, it is estimated that by August 2019, the total number of stores in Japan will reach 827, and the number of overseas stores will reach 1407, and the number of GU stores will be 423. The number of stores in the world will be 982, and the number of stores in each brand will reach 3639.