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According to fashion business express, fast retailing group, the parent company of fast fashion UNIQLO, recently released its financial report for the first quarter of fiscal year 2020. In the three months up to November 30 last year, its sales fell 3.3% year-on-year to 623.4 billion yen, about 39.4 billion yuan, and its operating profit fell 12.4% to 91.7 billion yen, about 5.8 billion yuan. This also means that UNIQLO's past unique situation has been broken.
During the reporting period, UNIQLO's sales in Japan fell 5.32% to 233 billion yen year-on-year, and its operating profit increased by 1.58% to 38.557 billion yen; UNIQLO's overseas revenue fell 3.6% to 280.748 billion yen year-on-year, the biggest decline in a decade, and its operating profit fell by 28% to 37.8 billion yen, the first quarterly revenue decline since 2016.


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