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Uniqlo's parent company is pushing further into overseas markets as it targets the world's second-largest apparel retailer position. The brand is widening its range from affordable basics to feature-driven products to reach a broader customer base, with international growth seen as key amid a maturing home market.
Fast Retailing, the parent company of Uniqlo, is expected to overtake H&M as the world's second-largest fashion company, Kyodo News reported. The forecast lands amid intensifying competition across the global fashion retail sector. No specific figures behind the projection were provided.
Fast Retailing, the company behind Uniqlo, booked record net profit for a sixth consecutive year in the fiscal year ended August, helped by strong domestic and overseas sales. It also forecast further growth in the current fiscal year, underscoring steady demand for affordable basic apparel across multiple markets.
Fast Retailing, which runs the Uniqlo fashion retail chain, reported net profit of ¥542.52 billion for fiscal 2025, a 25% increase from the prior fiscal year. The Japanese company's bottom line grew as it continues to expand Uniqlo's presence across multiple markets.
Fast Retailing, the parent company of Uniqlo, has issued a net profit forecast of 560 billion yen for the fiscal year ending next August. The forecast was reported by Kyodo News.
Japanese fashion retailer Uniqlo will reopen its flagship store in Seoul's Myeongdong district this week after a shutdown of nearly five years due to COVID-19. The move signals a recovery in South Korea's retail sector, especially in areas dependent on international tourism.
