Key Facts
• Uniqlo’s domestic sales exceeded ¥1 trillion for the first time in FY 2024.
• Fast Retailing’s total revenue from September 2023 to August 2024 reached ¥3.4005 trillion.
• Domestic Uniqlo sales grew 10.1% year-on-year to ¥1.026 trillion.
• Prolonged heatwaves and climate-adapted product strategies boosted sales.
• Increased purchases by inbound foreign tourists contributed to revenue growth.
• Fast Retailing achieved record-breaking revenue for the fourth consecutive year.
• Struggles in China due to economic slowdown led to decreased revenue and profit.
• Global revenue and profit growth are projected for the fifth consecutive year.
Summary
Uniqlo’s domestic sales surpassed ¥1 trillion for the first time in fiscal year 2024, driven by prolonged heatwaves and climate-adapted product offerings. Fast Retailing, Uniqlo’s parent company, reported a record-breaking ¥3.4005 trillion in revenue, marking its fourth consecutive year of growth. Domestic Uniqlo sales rose 10.1% year-on-year to ¥1.026 trillion, supported by increased purchases from inbound foreign tourists. However, challenges in China due to an economic slowdown resulted in decreased revenue and profit. Despite this, Fast Retailing anticipates global revenue and profit growth for the fifth consecutive year.
