TOKYO — Fast Retailing Co. Ltd. said Thursday it posted higher earnings and sales in the first quarter as it appointed four executives to newly created roles at its Uniqlo division, bringing in talent with experience at companies such as Wal-Mart Stores Inc., Juicy Couture and Express Inc.
The Japanese retail giant said its net profits for the three months ended Nov. 30 rose 8.8 percent to 41.85 billion yen, or $422.69 million at average exchange rates for the period. First-quarter operating profits increased 13.1 percent to 64.03 billion yen, or $646.70 million. Sales jumped 22.3 percent to 389.05 billion yen, or $3.92 billion.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)