Fast Retailing, owner of Japan’s popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
Roger Federer said on Tuesday his decision to end a 20-year association with Nike and embark on a new chapter with Uniqlo was influenced by Uniqlo’s commitment to stay with him long after his playing days are over.
Uniqlo’s Japan stores performed in September with the company saying on Tuesday that like-for-like sales rose by as much as 6% last month. It’s total sales, including online, were also up a healthy 5.4% in the month.
Wool has long been used by suit-makers. Now, the surge in popularity is being driven by fitness and leisure clothing manufacturer, but the drought savaging Australia's east, is hitting flock numbers and production.