Uniqlo owner revenues rise 20.2% in FY23
The group has attributed its performance to Uniqlo’s international revenue surpassing 50% of consolidated revenues for the first time
Uniqlo’s parent company, Fast Retailing, has revealed a 20.2% rise in year-on-year revenues to ¥2.7tn (£15bn) for the year ended 31 August, as the group’s international division surpassed 50% of total revenues for the first time.
Fast Retailing also reported that operating profits reached ¥381bn (£2.1bn), which shows a rise of 28.2% on last year’s total.
The group has attributed its performance to Uniqlo’s international revenue surpassing 50% of consolidated revenues for the first time, with operating profit also expanding to approximately 60% of the consolidated total.
This comes as the retail group’s operations in North America, Europe and Southeast Asia have continued to expand its customer bases in a solid growth phase.
In Europe, the company reported a 49.1% increase in sales and an 82.5% increase in operating profit as “European customers developed an even deeper affinity for the LifeWear concept and the region’s customer base expanded”.
Fast Retailing has plans to accelerate new store openings internationally.
Only last month the group was reportedly in talks to take on a new store on Glasgow’s Argyle Street, after signing its first Scottish location in Edinburgh as part of an expansion drive.
