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Uniqlo reports annual overseas sales over ¥1 trillion

Uniqlo

Fast Retailing Co., the operator of Uniqlo casual clothing stores, said that annual overseas sales at the Uniqlo division surpassed ¥1 trillion for the first time ever.

SEE ALSO : Uniqlo produces clothes made from plastic bottles

In the year to August, such overseas sales rose 14.5 percent year on year to ¥1.02 trillion.

Backed by brisk sales in China and Southeastern Asia, overseas Uniqlo operating profit grew 16.8 percent to ¥138 billion, exceeding that of the domestic Uniqlo sector for the first time.

The company’s overall group sales rose 7.5 percent to ¥2.3 trillion, the highest-ever figure.

Operating profit grew 9.1 percent to ¥258 billion and net profit increased 5.0 percent to ¥163 billion, both hitting record highs as well.

The Uniqlo sector’s domestic operating profit decreased due to last winter’s sluggish sales of winter clothing caused by relatively high temperatures.

SEE ALSO :  Uniqlo closing down stores in Seoul

Operating profit also decreased in South Korea, where a campaign to boycott Japanese products is ongoing.

(Source: Japan News)

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