As of the first half of the fiscal year, Fast Retailing Group has 3,592 stores worldwide, of which 1,028 are located in China. Of course, in addition to China, Uniqlo is also expanding rapidly in North America and Europe.
After 17 years of entering the North American market, Uniqlo is expected to record annual profit for the first time in fiscal year 2023. In order to better seize market share, Uniqlo will open 6 new stores in North America this year on the basis of the existing 63 stores, 4 in the United States and 2 in Canada, aiming to add 20 to 30 stores per year.
Based on its good performance, Fast Retailing is also confident in its performance this year. The company stated that looking forward to the full-year performance, because the single-quarter performance in the third quarter was better than expected driven by China’s UNIQLO (UNIQLO) business, etc., the group’s estimated total comprehensive income for the year will be higher than the forecast announced in April. Revise 50 billion yen, and at the same time revised up the operating profit forecast by 10 billion yen.
Fast Retailing Group expects the full-year comprehensive income of fiscal year 2023 to reach 2,730 billion yen (approximately RMB 141.186 billion), an increase of 18.6% year-on-year, and the total comprehensive operating profit will reach 370 billion yen (approximately RMB 19.135 billion) , an increase of 24.4% year-on-year.
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