TOKYO — Fast Retailing Co. Ltd. has unveiled its latest retail concept — a two-story store that combines several of its brands under the roof of the Printemps Ginza department store.
The 28,000-square-foot store, called Uniqlo Marché, features dedicated sections for its Uniqlo, Comptoir des Cotonnniers, PLST (an offshoot of Theory) and G.U. brands. The store, which opens today, also houses the first Japanese outpost for French lingerie and swimwear brand Princesse Tam Tam, one of Fast Retailing’s smaller labels.
“I think there are a lot of people who, until now, haven’t known that our company has these different brands, and I think these brands will be successful not just in Japan but also globally,” Fast Retailing chairman, president and chief executive officer Tadashi Yanai said Thursday, adding he would consider rolling out similar retail formats elsewhere, possibly in other countries.
The new store brings a bit of attention to the Japanese group’s other labels, which tend to live in the shadow of the larger Uniqlo business. Fast Retailing groups these non-Uniqlo assets into its Global Brands division comprising Theory, PLST, G.U., Comptoir des Cotonniers and Princesse Tam Tam.
Collectively, these brands saw sales rise 23.3 percent to 153 billion yen, or $1.94 billion at average exchange rates, for the fiscal year ending Aug. 31. Operating profit advanced 65.4 percent to 14.5 billion yen, or $184.3 million. The division makes up 16.5 percent of Fast Retailing’s annual revenue.
Fast Retailing has been heavily promoting its budget-conscious G.U. brand lately, employing Harajuku model and electro pop recording artist Kyary Pamyu Pamyu in the advertising. Fast Retailing is planning to take the brand international in its fiscal year ending August 2014.
“It’s only been six years since [the brand] was born, so I am extremely happy that we are able to open a store here alongside [other Fast Retailing group brands],” said Osamu Yunoki, ceo of G.U.
Elisabeth Cunin, ceo of Comptoir des Cotonniers and Princesse Tam Tam, said it only makes sense to bring the French lingerie label to Japan.
“Japan is important because we are part of the Fast Retailing Group. How can we enter and not succeed in Japan?” she said, adding that there are plans to open more Princesse Tam Tam stores in Japan but it is too soon to quantify how many.
Fast Retailing does not break out sales figures for Comptoir des Cotonniers and Princesse Tam Tam. For the most recent fiscal year, the company said Comptoir des Cotonniers “struggled” in the first half and recovered in the second. Princesse Tam Tam reported a “flat performance.”
Both brands are heavily exposed to a challenging European market, but Cunin said they did well given the circumstances thanks to loyal customer bases and strong brand images.
“I believe we’re small enough to be able to grow whatever the market and strong enough in terms of brands to be able to grow whatever the types of markets,” she said.
Princesse Tam Tam, which has a wholesale presence in New York at Bloomingdale’s, is planning to open its own stores in the city over the next few years, said Pierre-Arnaud Grenade, director general and chief operating officer of Princesse Tam Tam.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews