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Fast Retailing reports 22.9 percent increase in H1 profit

6 days ago   |   By

The Fast Retailing Group reported a decline in revenue but a large jump in profits in the first half of fiscal 2021 with consolidated revenue totalling 1.2028 trillion yen, down 0.5 percent and operating profit rising to 167.9 billion yen, up 22.9 percent. The company said in a release that rise in profit can be attributed primarily to large increases in profit from Uniqlo Japan and Greater China including Mainland China market, Hong Kong market, and Taiwan. Uniqlo Japan's March same-store sales including online sales increased by 40.2 percent, while total sales including online sales...
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Asos posts surge in H1 profit, sales jump 25 percent

6 days ago   |   By

Retail sales at Asos plc grew 25 percent to 1,976 million pounds, while pre-tax profit increased by 253 percent to 106.4 million pounds, with consistently strong performance throughout the period. The company said in a statement that growth was in part driven by exceptional performance in the UK where retail sales grew by 36 percent in P1 and accelerated further in P2 with growth of 46 percent and 18 percent growth in the EU.
Commenting on the company's first half trading, Nick Beighton, Asos CEO, said: “These record results, which include robust growth in sales, customer numbers and...
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