Fast Retailing ’s strong full-year results for FY25 yesterday (sales and profits both higher) were mainly about its star Uniqlo brand. But the company operates a number of other brands, so how did they fare?
The youth-focused GU brand saw revenue rising 3.6% to ¥330.7 billion but same-store sales were flat and business profit dropped by as much as 12.6% to ¥28.3 billion. The company said the brand was “unable to maximise sales due to insufficient creation of hit products that captured mass fashion trends and shortages of strong-selling items.”
It added that its selling, general and administrative expense ratio increased on the back of higher personnel costs associated with wage increases and higher costs linked the opening of the GU store in the US.
As for the Global Brands divis