Fast Retailing, the Japanese parent of the clothing chain reached $103bn at the end of trading yesterday.
Although Fast Retailing still falls behind Inditex (parent company of Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterque) in revenue and profit margin, this marks the first time that Fast Retailing has topped the fashion group, which capped at $99bn. This means that Uniqlo sits atop the global apparel industry in terms of market capitalisation.
Fast Retailing’s approach, and focusing on markets like Asia who have benefited from a quickly recovered economy, have both been paramount in Shareholders opinions and approval of the brand. As has the brands position to capitalise on ever-changing consumer habits.
Alongside their efforts to focus on physical stores in key markets such as China and Japan, Investors have also valued Fast Retailing’s continuous efforts on the digital front. Fast Retailing has partnered with the likes of Google and other large internet companies to develop a powerful manufacturing structure utilising artificial intelligence.
