Uniqlo is also one of the most innovative companies in apparel retail. Mismanagement of the brand can have a detrimental effect on sales, as was the case with Under Armour. The Japanese group, number three in the world by revenue, has ended its fiscal year 2019, closed in August, with a revenue of 21.2 billion dollars, an increase of 7.5% compared to the previous year. Moreover, Yanai is not getting any younger and will be turning 71 in February this year. Previously, Uniqlo was perceived as a discount retailer selling cheap and low-quality apparel.
Sales at Fast Retailing (Uniqlo’s parent company) increased by 179% from its financial year 2011 to its financial year 2019.
Subscribe to our mailing list and get all the latest updates from our blog, we respect your privacy and take protecting it seriously, If You Invest In Stocks, You Should Know These 2 Things About Interest Rates, Compounding: How it Works and Why Diversification is Key, What We’re Reading (Week Ending 18 October 2020). Fast Retailing is undoubtedly a company that possesses many great qualities. And Can it Last? As you can see, Fast Retailing started from the lowest base among the top five global apparel retailers. Seeing this, Yanai decided to open a 3-story iconic store in Harajuku in central Tokyo in 1998. Fast Retailing also has automated warehouse processes such as stock receipts, sorting, packing, and inspection. Equally important, Fast Retailing is a serious cash machine. Start a 14-day free trial to Morningstar Premium to unlock our take on 9983. Nike currently trades at a price-to-earnings multiple of around 35. It is worth noting that the most recent quarter saw a slight dip in revenue and operating profit. As such, despite the company trading near all-time highs, and with the existence of some execution risks, I believe there is enough positives to warrant picking up shares of Fast Retailing today. That translates to a healthy US$4 billion net cash position. The All-Product Recycling Initiative is one activity being implemented by UNIQLO as a part of its Sustainability commitment. Yanai was also able to transform the company’s brand image. It recorded 2.3 trillion yen (US$20.8 billion) in sales in the year ended 31 August 2019. This was the turning point for the brand as consumers’ perceptions shifted. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim). Its popularity in our homeland, Singapore, has exploded, with Uniqlo outlets appearing at most major malls in the country (I’m a big fan of its products too). UNIQLO Recycle.
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