Find in the news:
BY COUNTRY

Uniqlo's owner overtakes Zara to take the top position in the fashion industry



Fast Retailing reached a market capitalization of $103 billion, making it the industry's market leader.
Uniqlo - Depositphotos

The creator of the Japanese clothing brand Uniqlo displaced Inditex, the owner of brands such as Zara, Massimo Dutti, Bershka, Pull&Bear, in a clothing ranking retailer their market capitalization. The value of Uniqlo on the stock market reached the $103 billion mark. 

The value of the Spanish corporation Inditex at the same time is 99 billion dollars. It is the first time the Japanese company has managed to surpass the figures of its main competitor. 

The Japanese retailer's stock has been rising at a steady pace since August 2020. And this week, Fast Retailing broke another record, with the company's share price surpassing 100,000 yen ($945) for the first time. 

Meanwhile, in terms of revenue, Fast Retailing remains in third place with about 2 trillion yen ($18.9 billion) for fiscal 2020. Inditex leads the way with €28.2 billion ($34.1 billion), while Sweden's H&M comes second with 187 billion kroner ($22.5 billion). 

One of the main reasons that shareholders believe in Fast Retailing is that the company is mainly focused on the Asian market, especially China. China is the second-largest market by the number of stores for Uniqlo after Japan. It operates 791 of the brand's stores, as opposed to 815 in Japan. In total, the company operates 2,298 Uniqlo stores around the world. In turn, Zara has only 20% of its stores in Asia, while stores in the U.S. and Europe are now in a difficult situation due to forced outages. 

China's importance for clothing retailers' growth can be explained by the fact that this country's economy has recovered relatively quickly from the pandemic and is now snowballing. The extended lockdown in different countries has changed consumers' habits and began to prefer more comfortable casual clothing, such as that which the Uniqlo brand mainly offers. So Fast Retailing has a wide field for growth and development, demonstrated by investors' interest in it. 

Photo credit: depositphotos.com.

More about shopping malls in Japan



DAY BEFORE YESTERDAY, France:
Intermarché, the French supermarket group Les Mousquetaires, has decided to support its competitor.
DAY BEFORE YESTERDAY, Hong Kong:
The new high-end jewelry showroom is the first space to showcase high-end jewelry masterpieces.
May 25, 2023, USA:
American brand Gap, one of the largest clothing manufacturers and retailers, decided to initiate litigation with Kanye West.
May 25, 2023, USA:
Dick's maintains its revenue forecast for 2023 and forecasts revenue growth of 2%.
May 24, 2023, USA:
Simon has decided to roll out its own Simon Search service at The Mills and Premium Outlets.
May 24, 2023, USA:
This new order fulfillment system is truly game-changing.
Friend
and Follow
Westfield Garden State Plaza GLA:2 118 718 SF
ADDRESS: 1 Garden State Plaza, Paramus, NJ 07652
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us