Uniqlo sales surge 17% to record

Fast Retailing, the parent company of Uniqlo, is on track to surpass Sweden's H&M as the world's second-largest clothing manufacturer and retailer, according to recent financial reports. The company's sales for the fiscal year ending in August totaled 3.96 trillion yen, marking a 16.6% increase compared to the previous year. Net profit also saw a significant jump, rising by 25.3% to reach a record high of 542.52 billion yen.

H&M, currently ranked as the world's second-largest apparel retailer, has not yet released its full-year earnings for the period ending November. H&M reported sales of 228.29 billion krona for fiscal 2025, but sales figures have been below the same period last year for the first three quarters of the current fiscal year. Inditex, the owner of the Zara brand, currently leads the industry with the highest sales figures.

Fast Retailing's chairman, Tadashi Yanai, expressed his satisfaction with reaching a sales milestone of 10 trillion yen, stating that this achievement puts the company on the brink of a major challenge in the global market.