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August 04, 2015 8:30 PM ET

Specialty Retail

Company Overview of UNIQLO Co., Ltd.

Company Overview

UNIQLO Co., Ltd. retails in house designed casual clothing for men and women of all ages through retail stores. The company operates 838 direct-run stores and 21 franchise stores. The company was founded in 1974 and is based in Yamaguchi, Japan with locations in China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Philippines, Indonesia, United States, United Kingdom, France, Germany, Russia, and Australia. UNIQLO Co., Ltd. operates as a subsidiary of Fast Retailing Co. Ltd.

717-1 Sayama

Yamaguchi,  754-0894

Japan

Founded in 1974

Phone:

81 83 988 0333

Fax:

81 83 988 0334

Key Executives for UNIQLO Co., Ltd.

Chairman, Chief Executive Officer and President
Age: 66
Head of European Business
Director
Head The UK Business
Head of Russia Business
Compensation as of Fiscal Year 2015.

UNIQLO Co., Ltd. Key Developments

UNIQLO Japan Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2015

UNIQLO Japan reported earnings results for the third quarter and nine months ended May 31, 2015. For the nine months, revenue expanded to ¥638.1 billion (+12.0% year-on-year), and operating profit increased to ¥113.7 billion (+21.6% year-on-year). Same-store sales expanded a strong 8.8% year-on-year during the nine-month period. In addition, operating profit increased significantly, due to a 1.0% improvement in the gross profit to revenue margin and a 0.6% fall in the selling, general and administrative expenses to revenue ratio. The strong rise in same-store sales at UNIQLO Japan was largely attributable to firm sales of core Fall Winter ranges such as HEATTECH and Ultra-Light Down, followed by strong sales of Spring Summer ranges such as bottom wear and AIRism innerwear. Segment income (profit before income taxes) was ¥116,964 million against ¥93,800 million a year ago. For the quarter, the company reported revenue of ¥183,602 million against ¥163,896 million a year ago. Operating profit was ¥24,310 million against ¥21,861 million a year ago. Segment income (profit before income taxes) was ¥26,144 million against ¥21,761 million a year ago.

UNIQLO Co., Ltd. to Open New Store in Berlin for Fall 2015

UNIQLO Co., Ltd. announced plans to open a new store in Berlin in Fall 2015, as part of the company's plans to continue to expand across Germany and indeed Europe. The store will be the second store in the German market, and it will be located on Leipziger Platz Quartier, the newly developed shopping area between Potsdamer Platz and Leipziger Platz, which is home to many international fashion and lifestyle brands. The new store on Leipziger Platz Quartier will have a total sales floor area of approximately 1,600 square meters over two levels, ground floor and first floor and will offer a full line of men's, women's and kid's clothing. UNIQLO entered the German market in April 2014 with the opening of a global store on Berlin's popular shopping mile Tauentzienstrasse.

UNIQLO Co., Ltd. Announces Sales Results for the Month of June 2015

UNIQLO Co., Ltd. announced sales results for the month of June 2015. For the month, the company’s June 2015 same-store sales decreased by 11.7% year on year while sales at its directly-run stores decreased by 11.5%. Total sales including online sales decreased by 10.9%. Same-store sales dipped year on year in June, with summer ranges struggling to attract as many buyers in the cooler weather.

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