According to the “Nihon Keizai Shimbun” report, on February 16, local time, the total market value of Japan’s Fast Retailing Group, which operates Uniqlo, reached 10.8725 trillion yen (calculated based on the closing price). It surpassed the Spanish Inditex Group, the parent company of ZARA, and ranked first in the global market value of the apparel industry for the first time.
Reports indicate that the share price of Japan’s Fast Retailing Group has risen for seven consecutive days. The closing price on February 16 increased by 3,040 yen from the previous day, an increase of 3%, and rose to The stock price reached 102,500 yen, breaking the 100,000 yen mark for the first time. The group’s total market value reached 10.8725 trillion yen, surpassing Inditex listed in Europe for the first time (closing price on February 15).
Japan’s Fast Retailing Group announced a report on the 16th that in the past year, the group’s sales have reached 1.143 trillion yen, achieving “over one trillion yen” for the first time “Target.
Among the 1,198 stores of Uniqlo under Fast Retailing (as of December 2020), 60% are in Asia excluding Japan. Among them, it has 791 stores in China, ranking second only to Japan’s 815 stores. In fiscal 2020, which ended in August 2020, operating profit margin in Greater China (including Hong Kong and Taiwan) was 14.4%, higher than Japan’s 13%.
In contrast, 70% of ZARA stores are located in Europe and the United States. These stores have been temporarily suspended due to large-scale blockades. ZARA has fewer stores in Asia. Only accounts for about 20%.
In addition to achieving growth in China and other Asian regions, investors’ expectations for Fast Retailing Group to increase its earnings through accelerated digitalization have also pushed up its market value.
“In the field of apparel, we have reached a position close to the world’s first in total market value.” Fast Retailing Group Chairman and President Yanai Masaru sent a message to employees in early 2021 Zhong Zeng said so.
However, Fast Retailing is still lagging behind its competitors in some areas, such as sales. In the latest quarter, Fast Retailing’s net profit was approximately 70 billion yen, while Inditex’s was 866 million euros (approximately 220 billion yen), which is 1.6 times that of Fast Retailing.
Yanai Masaru said in a recent interview: Under the trend of accelerating integration of online and offline, he hopes that the products provided by Uniqlo can be enjoyed by consumers regardless of whether they are in the store or not. sell away.
Due to the impact of the epidemic on income, consumers have become more frugal, and the importance of brand and product quality has become increasingly prominent. Consumers will choose high-quality and reliable brands.
Yanai Masa said that the boundaries between various industries including retail, manufacturing, logistics, etc. are disappearing, and all industries have become information services and routine business. It only needs to be handed over to AI and robots, Yanai Tadashi sighed, “But the key part still needs to be completed manually!”</p
