Our Business
What is Fast Retailing?
The Fast Retailing Group, the global developer of fashion brands including UNIQLO, GU, and Theory, achieved consolidated annual sales of ¥2.7665 trillion for the year ended August 2023 (FY2023). The Group's pillar UNIQLO operation boasts 2,434 stores worldwide and FY2023 sales of ¥2.3275 trillion.
Driven by its LifeWear (ultimate everyday clothing) concept, UNIQLO offers unique products made from high-quality, highly functional materials, and offers them at readily affordable prices by managing everything from procurement and design to production and retail sales. Meanwhile, our GU brand, which skillfully balances low prices and fashion fun for everyone, generated annual sales of ¥295.2 billion.
The Fast Retailing Group seeks to become the No. 1 brand among customers worldwide by proactively minimizing the environmental impact of our businesses; building supply chains that protect human rights, health, and safety; developing circular products; and tackling social issues.
Fast Retailing Sales and Transition
Data based on International Financial Reporting Standards (IFRS) since FY2014.
Major Global Apparel Manufacturer and Retailer
|
Company Name(Flagship Brand)
|
Country
|
End of Fiscal Year
|
Sales(Trillion of yen)
|
Sales(Billions of dollar)
|
Change (%)(Local base)
|
|---|---|---|---|---|---|
|
Inditex, S.A.(ZARA)
|
Spain
|
Jan. 2024
|
5.87
|
38.9
|
+10.4
|
|
H & M Hennes & Mauritz AB
|
Sweden
|
Nov. 2023
|
3.44
|
22.8
|
+5.6
|
|
FAST RETAILING CO., LTD.(UNIQLO)
|
Japan
|
Aug. 2023
|
2.76
|
18.3
|
+20.2
|
|
Gap Inc.
|
USA
|
Feb. 2024
|
2.24
|
14.8
|
-4.7
|
|
lululemon athletica inc.
|
USA
|
Jan. 2024
|
1.44
|
9.6
|
+18.6
|
|
PVH Corp.(Calvin Klein,Tommy Hilfiger)
|
USA
|
Feb. 2024
|
1.38
|
9.2
|
+2.1
|
|
Next plc
|
UK
|
Jan. 2024
|
1.04
|
6.9
|
+9.1
|
|
Ralph Lauren Corporation
|
USA
|
Apr. 2023
|
0.97
|
6.4
|
+3.6
|
|
Victoria's Secret & Co.
|
USA
|
Feb. 2024
|
0.93
|
6.1
|
-2.6
|
|
American Eagle Outfitters Inc
|
USA
|
Feb. 2024
|
s0.79
|
5.2
|
+5.4
|
UNIQLO Business Model
UNIQLO’s integrated business model, which encompasses all processes from planning, planning, production, distribution, and sales, has enabled the company to develop a succession of unique products that no other company can imitate. UNIQLO is expanding its market share around the world as a brand that offers innovative materials developed in collaboration with synthetic fiber manufacturers and basic designs using high-quality natural materials.
Based on the concept of LifeWear, UNIQLO continues to create the ultimate everyday clothing that makes the daily lives of people everywhere more comfortable. In today's highly digitalized society, UNIQLO is evolving into a business model that connects directly with customers and gives immediate shape to their requests.
