298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
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ESTÉE LAUDER COMPANIES
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Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
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Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
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L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters
Published
Oct 11, 2018
Reading time
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Fast Retailing is buoyant as international growth accelerates

By
Reuters
Published
Oct 11, 2018

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.


Uniqlo



Uniqlo, known for its simple and affordable clothes such as lightweight down jackets, has grown through decades of weak consumption in Japan. It is also proving popular abroad, with overseas sales exceeding domestic revenue for the first time ever in the year ended August.

Its annual operating profit rose 34% to a record ¥236.2 billion ($2.11 billion), the company said on Thursday. That was in line with analysts’ median forecast for ¥237.5 billion, according to Refinitiv data. Uniqlo’s online sales in Japan, long a weak point for the brand, expanded 29% in the year just ended and now accounts for 7% of Uniqlo’s revenue in the country.

It forecast an operating profit of ¥270 billion for the current financial year, above a market consensus for around ¥263 billion, on continued strength in China and Southeast Asia.

Fast Retailing also said it saw an improvement in the US, where it has been shutting down poorly performing stores, saying it was able to halve its operating losses there in the year just ended. The company has struggled to expand in North America, where it has also struggled to establish brand recognition and consumers have at times complained about its smaller sizing. It also faces tough competition from fast-fashion rivals H&M and Zara in that market.

Founder and Chief Executive Tadashi Yanai, one of Japan’s richest entrepreneurs, has said he wants Uniqlo to overtake H&M and Zara parent Inditex as the world’s top apparel retailer.

The retailer flagged its global ambitions earlier this year when tennis star Roger Federer strode onto the court at Wimbledon in Uniqlo-branded whites, in a major sponsorship deal that is reportedly worth around $30 million annually.

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