Uniqlo Japan, wholly owned subsidiary of Fast Retailing Group, has witnessed a decline in sales revenue. The fashion brand earned US $ 2.27 billion, a slide of 4.3 per cent year-on-year.
The profit attributable to owners of the parent firm was US $ 678.4 million, a decrease by 6.4 per cent.
One of the major causes of this sluggish sales has been warm winter in Japan. Online sales, on the other hand, improved significantly with a jump of 30.9 per cent.
Uniqlo International, unlike Uniqlo Japan, generated an impressive revenue of US $ 2.69 billion, which is an increase of 12.8 per cent.
It is important to note here that both Uniqlo South Korea and Uniqlo Greater China clocked higher sales and profits despite the impact of warm winter. Uniqlo Southeast Asia & Oceania also continued reporting important revenue and profit gains.
Reportedly, Fast Retailing Group’s consolidated business estimates for the financial year predict a revenue growth of 8 per cent and operating profits of 14.3 per cent.