Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
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Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)

Chic and adventurous models and couturiers have been spread all over the Russian capital for Moscow Fashion Week, flaunting their designs in venues ranging from a sprawling Stalin-era propaganda exposition to a large park near the Kremlin admired for its innovative features.

More than 100 shows are being held during the week that began Monday as well as scores of speakers who are noted names in the Russian fashion industry.

Among the major names showing their clothes are Slava Zaitsev and Valentin Yudashkin.

The center of the action has been Zaryadye park, built where the vast and unwelcoming Hotel Rossiya once stood just east of the Kremlin and St. Basil’s Cathedral. The park’s most famous feature is an elliptical ramp that juts out over the Moscow River, an epic catwalk for models.

Many other shows are being held in VDNKh, built to show the “people’s economic achievements” and renowned for its array of elaborate Stalinist architecture. In one of the week’s memorable images, models in up-to-the-minute couture sauntered past the huge Friendship of People’s fountain that features golden women in idealized peasant dress.

The shows take place amid the pressures of increased sanctions against Russia because of fighting in Ukraine and the withdrawal of many foreign businesses. But designer Yulia Skalatskaya said her work is thriving nonetheless.

“I experienced some difficulties, but at the same time, to be honest, our sales have grown,” she said. “If you work well, if you make good collections then you’ll have more clients. If you only rely on the fact that some brands have left and someone’s place has been vacated, nothing will change only because of them leaving. You need to work.”



Uniqlo Operator Posts Higher Q1 Profit Despite Sluggish China Results

(FILES) This general view shows the latest flagship store to open by Fast Retailing clothing brand Uniqlo, in the Shinjuku district of central Tokyo on November 14, 2024 (Photo by Richard A. Brooks / AFP)
(FILES) This general view shows the latest flagship store to open by Fast Retailing clothing brand Uniqlo, in the Shinjuku district of central Tokyo on November 14, 2024 (Photo by Richard A. Brooks / AFP)
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Uniqlo Operator Posts Higher Q1 Profit Despite Sluggish China Results

(FILES) This general view shows the latest flagship store to open by Fast Retailing clothing brand Uniqlo, in the Shinjuku district of central Tokyo on November 14, 2024 (Photo by Richard A. Brooks / AFP)
(FILES) This general view shows the latest flagship store to open by Fast Retailing clothing brand Uniqlo, in the Shinjuku district of central Tokyo on November 14, 2024 (Photo by Richard A. Brooks / AFP)

The operator of the Uniqlo global clothing chain reported first quarter results on Thursday that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its home market of Japan, Reuters reported.

Fast Retailing said operating profit rose 7.4% to 157.6 billion yen ($996.84 million) in the three months through November from a year earlier. That was slightly below a LSEG consensus forecast of 160 billion yen drawn from six analysts.

Fast Retailing maintained its full-year operating profit forecast of 530 billion yen, on course for a fourth year of record earnings.

Known for inexpensive, durable fleeces and cotton shirts, Fast Retailing has long been regarded as a bellwether for consumer spending in Japan and more recently China, where it has more than 900 Uniqlo stores on the mainland.

Domestic sales have gotten a boost from a surge in duty-free shopping amid a tourism boom in Japan fueled by a weak yen.
But sales growth has cooled in China, prompting the company to scale back store openings and adopt a scrap-and-build strategy to turn around underperforming locations with redesigned stores.

Improved profit margins and international brand awareness helped drive the previous year's record results. But the company remains vulnerable to change in weather and fashion tastes.

Japanese sales were boosted by cold weather in December that increased demand for thermals, but in China, unseasonably warm temperatures resulted in flat sales in October and November, the company said.

Results were also strong in North America and Europe where Fast Retailing is mounting an aggressive expansion strategy to fulfil its aim to become the world's No. 1 clothing brand. In the southern United States, it opened five Uniqlo stores in Texas in October alone.
In its home market, it has also become a pacesetter for wages in the service industry.

Keen to retain good workers, Fast Retailing said on Wednesday it will institute an aggressive increase in employee pay in Japan - one that follows on from a hike in 2023 that helped shake up the nation's long moribund wage outlook.

Wages for full-time headquarters and sales staff will rise by as much as 11% from March, while annual salaries for new employees will increase by about 10%, the company said.