For the first quarter, Uniqlo sales at its 851 stores in Japan rose 7.7 percent, while sales at Uniqlo’s 347 overseas outlets jumped 51 percent, boosted by aggressive expansion in Asian countries. Fast Retailing chief executive officer Tadashi Yanai has said that he plans to open up to 300 Uniqlo stores outside Japan per year.
Fast Retailing boosted its sales and profit forecasts for the full year ending Aug. 31. The company now expects net profit to grow by 21.4 percent to 87 billion yen, or $994.16 million at current exchange. This is up from the company’s forecast in October for sales of 84.5 billion yen, or $965.59 million.
The company said it now expects full-year sales to grow 15.1 percent to 1.07 trillion yen, or $12.22 billion. This is up from the October forecast of 1.06 trillion yen, or $12.07 billion.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)