Uniqlo falls foul of CBP over Xinjiang as Guess, H&M cotton on to China risks May 19, 2021 The U.S. Customs and Border Protection authorities issued a withhold release order for imports of cotton shirts from China linked to Fast Retailing’s Uniqlo, reportedly citing concerns about the use of alleged forced labor in the Xinjiang region. Panjiva’s data shows 43.6% of Fast Retailing’s ... Read more →
Uniqlo shows continued pandemic challenges for fast fashion January 18, 2021 Fast Retailing published FQ1’21 (to Nov. 30) revenues which dipped by 0.6% year over year. That was well below the 2.5% increase expected by analysts. Weakness in the North America business was one reason for the decline. Management indicated that came “after some stores were temporarily close... Read more →
Fast Retailing expects slow recovery from COVID-19 July 14, 2020 Fast Retailing, owner of Uniqlo, reported a 39.4% drop in revenues in the three months to May 31 compared to a year earlier due to store closures caused by COVID-19. While reopenings are beginning the firm still expects a 50% slide in North American revenues in the quarter to August 31. Uniqlo... Read more →
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