The CEO of Japanese fashion and retail group Fast Retailing (owner among others of Uniqlo and Comptoir des Cotonniers), said that the group’s top job is better suited to a woman, according to Bloomberg.
Fast Retailing’s Uniqlo chain continued its run of yo-yo-ing sales results at its domestic Japanese stores in August, but at least it was good news this time as the company turned in an impressive 9.9% sales rise.
Uniqlo is planning to host a special exhibition in London during the city’s fashion week next month. The large-scale immersive, experiential event will showcase LifeWear via art, science and craftsmanship.
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo’s sales in the country, highlighting the widening economic hit from a diplomatic row over Tokyo’s wartime role.
Fast Retailing has become the latest retail giant to announce a major sustainability initiative with “plans to eliminate the use of unnecessary plastic throughout its supply chain and handed to customers” by next year.
Fast Retailing’s biggest chain, Uniqlo, recovered from some sluggish trading months in June with the company saying on Tuesday that its like-for-like sales, including online sales, surged as much as 27.3% year-on-year.