Fast Retailing Co. announced revenues of its Uniqlo brand surged by double digits in its native Japan during the month of May.
The Tokyo-based company said total sales including online sales for its Uniqlo brand increased by 19.8 percent year-on-year for May, while same-store sales including online sales increased by 17.5 percent year-on-year.
The Uniqlo parent company said Uniqlo same-store sales increased sharply year-on-year in May. This is thanks to buoyant Golden Week and Uniqlo anniversary sales, as well as strong sales primarily of core summer ranges.
The number of Uniqlo customers during May climbed 9.6 percent, while average spending per customer increased 7.3 percent.
The company said that during the month it closed one Uniqlo store in Japan and did not open any new stores.
The Japanese fast-fashion retailer released its latest collaboration with Italian luxury label Marni at the end of May. The limited-edition collection features vibrant, colourful items patterned with floral prints, stripes and checks. It includes dresses, anoraks, raincoats, trousers, button-down shirts, t-shirts with graphic motifs and more. The line is available instore and online.
The monthly sales rise comes one month after Uniqlo Japan saw a 15 percent sales uptick for the month of April, the first monthly rise in its native Japan in many months.
In its most recent quarterly trading update, Fast Retailing projected revenue to rise 3.1 percent to JPY 2.200 trillion (USD 16.94 billion) and net profit to increase 12 percent to JPY 190.00 billion (USD 1.42 billion) for the fiscal year ending August.
Founded in 1963, Fast Retailing Co. owns and operates the global Uniqlo brand, in addition to J Brand, Comptoir des Cotonniers, GU, Princesse Tam-Tam, and Theory.