Why Nike’s split with Raducanu is a conscious uncoupling Sport Business When Emma Raducanu was unveiled as a new ambassador for Uniqlo in a deal reportedly worth £2.6m per year, much of the coverage framed it as another star walking away from Nike. That interpretation feels too simple. Nike does not tend to lose athletes by accident. When a relationship ends, it is usually deliberate. Rather [...]
Raducanu ditches Nike after eight years to sign £2.6m deal with rival Sport Business Emma Raducanu has ended an eight-year relationship with Nike to become the first female tennis player on the roster of Uniqlo. The 23-year-old former US Open champion has signed a multi-million pound deal with the Japanese casualwear brand and follows the likes of Roger Federer in ditching the “Just Do It”- famed sportswear brand for [...]
Uniqlo: Gen Z’s viral fashion trends help profit rocket Retail Viral fashion trends among Generation Z helped Uniqlo’s profit surge by more than €100m (£83.5m) during its latest financial year. The London-headquartered European division of the Japanese giant has reported a turnover of €1.69bn for the 12 months to 31 August, 2024, up from the €1.30bn it achieved in the prior period. New accounts filed [...]
Uniqlo pushes for third year of record profit despite China slowdown July 12, 2024 Uniqlo’s parent company Fast Retailing has raised its profit forecast for the year on strong domestic and overseas demand, despite a significant slowdown in Chinese demand. The company lifted its full-year operating profit forecast to 475bn yen (£2.3bn) for the year ending August, up from 450bn yen. Revenue rose to 86.8bn in the third quarter, [...]
Uniqlo: Viral TikTok trend helps boost European sales past £1bn April 15, 2024 Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.
Uniqlo owner reports record quarterly profit bolstered by Chinese demand July 13, 2023 Fast Retailing, the owner of Japanese clothing brand Uniqlo, reported a 35 per cent increase in quarterly profit today, and raised its annual profit outlook as it continues to be boosted by demand in China. Fast Retailing’s operating profit in the three months to May surged to 110.3 billion yen. Revenue for the quarter came [...]
London: Shot in the arm for West End as Uniqlo UK boss says Covent Garden is the place to be April 27, 2023 Fashion chain Uniqlo said it was committed to London after opening its second store in six months. Alessandro Dudech, chief operating officer at Uniqlo UK said the company regarded it as honour to be opening a store in Covent Garden. He said it was an area of London with “cultural and retail heritage”. He added: [...]