Fast Retailing’s number two chain is set to expand rapidly in coming years, adding 50 stores a year and increasing average store size. GU provides Fast Retailing with a new route to growth at home given saturation of the Uniqlo brand, and it also allows room to adjust positioning between the two brands, moving Uniqlo […]
Fast Retailing has announced a new plan to boost online sales and make better use of IT in its stores. It expects to build new systems that allow sharing of online purchase data with store staff in the hope of providing better in-store services. The initiative will mean a significant increase in IT hires and […]
With retailers now firmly in control of their supply chains, and e-commerce growing quicker than any other sales channel, the major brands are just beginning to initiate moves to take better control over logistics functions too. Last month Fast Retailing completed a deal with Daiwa House aimed at improving distribution both at home and overseas. […]
GU has grown from scratch to sales of ¥83 billion in seven years and expects to hit ¥100 billion this year. It continues to expand store numbers rapidly while working on new, more fashionable merchandising as it begins to expand overseas. GU, Fast Retailing’s second chain, is forecasting sales will hit ¥100 billion for the […]
A new listing on the Hong Kong stock exchange is part of Fast Retailing’s wider strategy to globalise its operations in a bid to get its stores into every key international market. Non-Japanese sales are certainly rising fast on the back of a rapid store roll out, but profitability remains elusive in some markets and […]
Fast Retailing finally achieved its target of ¥1 trillion in sales for the year ending August 2013. It took four years more than originally hoped, but is still a significant achievement as the first apparel firm to break this iconic target. The company claims to be still on track to meet CEO Tadashi Yanai’s next […]
