Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
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Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)

The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers.

Fast Retailing's operating profit in the 12 months through August likely rose 24% from a year earlier to 478.3 billion yen, based on the average of 15 analyst estimates compiled by LSEG ahead of the company's earnings on Thursday.

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half.

Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick.

"Investor attention will turn to whether Fast Retailing's measures in Greater China successfully reverse the earnings decline caused by weak consumer sentiment and increased competition," Chadwick wrote on the Smartkarma platform.

With more than 900 stores in China, Fast Retailing has long been seen as a bellwether for the retail sector in the world's second-biggest economy. COVID restrictions weighed on results there for years, but now the challenge is a sluggish economy that has weighed on consumer confidence.

Greater China CEO Pan Ning acknowledged in July that the market is maturing, with the company scaling back store openings and adopting a scrap and build strategy for underperforming locations.

When COVID lockdowns depressed sales in China, the company focused more on expansions in North America and Europe. Both sectors delivered strong sales and profits through the first nine months of fiscal 2024.

Company founder Tadashi Yanai aims to make Fast Retailing the world's biggest fashion retailer, with the operators of Zara and H&M standing in the way. He believes consumers are more focused on value than luxury in a post-COVID world, a trend that works in Uniqlo's favor.

Yanai, Japan's richest man, is scheduled to speak at the company's earnings briefing on Thursday, as well as Uniqlo president Daisuke Tsukagoshi, whom Yanai has spoken of as a possible successor.

Fast Retailing's shares have climbed 43% so far in 2024, outperforming a 16% advance in the benchmark Nikkei index.



McCartney’s Street Fare: High-Octane Fashion with a Playful, Eco Twist

A model presents a creation from the Spring/Summer 2025 Womenswear collection by British designer Stella McCartney during the Paris Fashion Week, in Paris, France, 30 September 2024. (EPA)
A model presents a creation from the Spring/Summer 2025 Womenswear collection by British designer Stella McCartney during the Paris Fashion Week, in Paris, France, 30 September 2024. (EPA)
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McCartney’s Street Fare: High-Octane Fashion with a Playful, Eco Twist

A model presents a creation from the Spring/Summer 2025 Womenswear collection by British designer Stella McCartney during the Paris Fashion Week, in Paris, France, 30 September 2024. (EPA)
A model presents a creation from the Spring/Summer 2025 Womenswear collection by British designer Stella McCartney during the Paris Fashion Week, in Paris, France, 30 September 2024. (EPA)

On an ordinary Parisian market street on an ordinary rainy fall day, Stella McCartney’s high-octane show on Monday was anything but. Guests gasped as the drizzle ceased, the clouds parted, and the sun emerged moments before the show — a heavenly metaphor, perhaps, for McCartney’s optimistic and nature-inspired display.

Here are some highlights of spring-summer 2025 ready-to-wear shows in Paris:

McCartney’s street fare

The designs were dazzling, fusing sparkle, wit, and sharp tailoring to capture a disco-ready sense of fun.

VIPs including Natalie Portman, Greta Gerwig, and Paris Jackson couldn’t resist tapping their feet amid the most infectious soundtrack of Paris Fashion Week thus far. Models strutted with clever hairstyles swaying theatrically, reminiscent of Gerwig’s own film, Barbie, adding another playful element to the spectacle.

Savile Row tailoring was reimagined in true Stella style — strong-shouldered jackets paired with slimline blazers and exaggerated belt loops, while voluminous trousers and cheeky boxer culottes kept things playful. This isn’t new territory for McCartney, who often reworks classic tailoring with an edge.

Pinstripe suits got a glamorous upgrade with clean satin lines and shimmering lead-free crystals, paired with cropped sporty jumpers — another of her signature juxtapositions of high fashion with an easygoing vibe.

Fluid draping was another runway star, from gravity-defying asymmetric silk gowns to vegan leather skirts folding over themselves. Cream bombers with wing-like cutouts and sheer dresses injected an ethereal flair.

Cloud-like creations were a showstopper.

“We had some of these clouds in the knitwear (made of) a yarn that’s made out of recycled plastic bottles, which is amazing,” McCartney said backstage.

Bird motifs took flight, literally and figuratively. Doves painted across silk and origami-inspired details were visual treats — harking back to McCartney’s years-long message to remember to protect nature.

‘Stella Times’ newspaper and Helen Mirren

McCartney’s show kicked off with Helen Mirren delivering a “Save What You Love” manifesto—more a direct punch than a gentle plea. Inspired by Jonathan Franzen’s “The End of the End of the Earth,” Mirren’s voice rang out, urging action before it’s too late. Birds, which are disappearing, were the symbol, a reminder of what’s at stake if we don’t get our act together.

Guests were also each given a newspaper made for the show humorously called the “Stella Times” that spelled out a tongue-in-cheek, yet serious, message about sustainability. McCartney's advice to readers to spur on positive action: “Read! Because I don’t think people read anymore.” And “get a copy of our newspaper. I’ll give you all of the information you need to know. Be more conscious, be more curious, and find out the facts of fashion to be more the future of fashion.”

McCartney has long been ahead of the game regarding eco-conscious fashion. She was one of the first designers to champion sustainability, well before it was on anyone else’s radar. With fashion being one of the world’s biggest polluters, her 91% conscious materials and animal-free production were another sign that the designer is taking the message seriously.

Sacai’s raw construction and deconstruction

A giant wooden structure of a house — just raw beams on display — set the scene for Sacai. It wasn’t just a striking venue, rather it served as a metaphor for Chitose Abe’s ethos: deconstruction and reconstruction in the most unexpected of ways. Like Abe’s clothing, the exposed beams represented an unfinished, yet powerfully architectural take on form and structure.

An urban T-shirt dress was paired with a black leather jacket sporting a ruffled, leg-of-mutton arm, a detail more often reserved for historical gowns. It was the embodiment of Abe’s dualities: urban biker meets historical drama, masculine melds into the overtly feminine.

Throughout the collection, the clever fusion of seemingly incongruent parts was front and center. A crisp white shirt was fused with a dark pleated skirt, set just under the bust. It was all one garment, and this mash-up exemplified Abe’s inventive approach to pattern-making. Her concept of hybridization — combining garments so they look like one thing from the front and another from the back — is more than a gimmick. It’s Abe’s groundbreaking way of challenging the very fabric of what fashion can be.

Another look was simplicity at first glance: a white toggled hoodie. But in true Sacai fashion, the back featured a floor-length, floppy skirt insert, transforming what could have been mundane into something extraordinary.

Volume and silhouettes were in abundance as well, with flattened, boxy shapes taking center stage.

The modest pieces — like the long black skirt fused into a white shirt — were emblematic of her recent exploration in monochrome and shifting her dissected garments into elevated territory.

Isabel Marant embraces crafty Amazonian spirit

Isabel Marant blended South American craftsmanship with the raw energy of an Amazonian warrior, her craft-heavy aesthetic on full display in a powerful celebration of femininity. There’s no “quiet luxury” here. Marant has always been unafraid to explore new territories, and this season she ventured into the tribalist punk influences of the early 1980s, blending it seamlessly with her love craft.

The runway was ablaze with sunset hues: rust, mauve, pink, and purple rippled across tasseled skirts and knot-constructed dresses, evoking the warmth of a Latin dusk. Marant is celebrated for embracing authenticity, and here she let her heritage sing loud and proud, with flat moccasin boots and suede satchel bags that harked back to the bohemian spirit she has championed for decades.

Marant’s strength lies in her ability to craft looks that marry accessibility with audacity, and the embellishments told this story well. Heavy gold bangles adorned models’ wrists as they strode in braided and embroidered silk dresses. The weathered black-gray denim blousons and studded black leather shorts hinted at a rebellious streak.

This season marked another chapter in Marant’s evolution as she leaned even further into craftsmanship — embroidered leather, blanket-stitched suede, and intricate knotting that felt deeply personal. The weighty, luxurious materials were balanced with slouchy, relaxed silhouettes. There’s an unpretentious ease here, a reminder that while Marant’s designs are fiercely statement-making, they are made to be lived in. It’s not about loud for the sake of loud, but about a woman standing confidently in her own skin.