FAST RETAILING has Announced its Financial Results for the Fiscal Year Ending August 2021

​​​​​​​EC Weekly Picks 日本国旗

On October 14, FAST RETAILING, which operates major apparel companies UNIQLO and GU, announced its financial results for the fiscal year ending August 2021. UNIQLO's domestic online shopping sales increased 17.9% from the same period of the previous year to 126.9 billion yen, and the online shopping rate increased 1.8 points from the same period of the previous year to 15.1%. It is expanding steadily, with an increase of about 50% compared to two years ago and with an increase of a sales composition ratio of 15.1%. In addition, overseas online shopping sales increased 20% from the same period of the previous year, and the conversion rate to EC was about 20%. Online shopping sales for the entire group, including the GU business, were about 380 billion yen. In order to realize the information manufacturing and retailing business, the company named it "Ariake Project," in addition, there are 2 policies in the company. The company is listing 2 policies of "meeting customer needs and transforming the profit structure through high quality sales." The company is accelerating the expansion of e-commerce as the foundation of the information manufacturing and retailing business. Especially in the latter, they are planning to accelerate OMO, which combines online and offline shopping experiences to improve the customer experience. The first step is "ORDER & PICK," which started in Japan from the beginning of October. By unifying online shopping and store inventory, it has become possible to receive products at stores in as little as two hours.

Sources: The Company's Financial Report "Financial Results for the Fiscal Year Ending August 2021; Forecast for the Fiscal Year Ending August 2022" (October 14, 2021)
(link available in Japanese only)

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