New York – GU, the most experimental and elegant of Fast Retailing’s brand portfolio, has become one of the growth engines of the Japanese group on its own merits. While GU has mostly focused on domestic growth, it’s opened a handful of store around Asia in cities like Taiwan and Hong Kong.The unit was broken out as as a separate business segment for Fast Retailing’s reporting two years ago. The GU segment deals with GU business in Japan and overseas. Available at more affordable prices and aimed at youngerclients, GU had already achieved an operating profit in nine months of26,000 million yen (about 242 million dollars), which represents a jump of75 percent over the previous year, contributing roughly one-tenth of thetotal operating profit of the group. While the younger FastRetailing brand has focused primarily on internal growth, it has opened ahandful of stores in Asia in cities such as Taiwan and Hong Kong.GU growth projections offer a diversified revenue stream for theJapanese retail giant at a time when the fast fashion industry is not goingthrough its best moment, Bloomberg notes. ... JP ｜ EN ©FAST RETAILING CO., LTD. By continuing your visit to this site, you accept the use of cookies to ensure the best possible use of our site. FAST RETAILING CO., LTD. is a holding company that engages in the control and management of its group companies which centers in casual wear. Fast Retailing Co. said hackers may have gained access to the personal information of about half a million users of its Uniqlo and GU brand e-commerce portals. A representative for the company didn’t respond to a request for comment.GU’s success is built on Fast Retailing’s existing strengths, like its expansive supply network and scale. ( ジーユー , jīyū ) is a Japanese discount casual wear designer, manufacturer and retailer, with 422 stores (as of May 2019) across the country. Production Management for Fast Retailing group brand (with UNIQLO & GU as two main subsidiaries) in Vietnam and neighboring countries such as Cambodia, Thailand. #gu #gustaffcode #pr #20ss. Items such as a oversized tees and ‘marshmallow’ pumps have done particularly well in the past year, Murata said.“It will become an important aspect of Fast Retailing’s business,” said JP Morgan Securities analyst Dairo Murata, who sees GU’s contribution to Fast Retailing reaching a 13-year high. The company was founded as Ogōri Shōji Co., Ltd. in 1963 by Tadashi Yanai.. gu-japan.com G.U. As the world's third-largest manufacturer and retailer of private-label apparel, the Fast Retailing Group offers high-quality, reasonably-priced clothing by managing everything from procurement, design, and production to retail sales. It’s really been a turnaround.”Still, it’s unlikely GU will ever get as big as Uniqlo even as it expands. “In thelast fiscal year, GU reduced the number of items and began focusing on masstrends. In 1984, the company, which ran a menswear store in Ube, Yamaguchi, opened a new casual-wear store named Unique Clothing Warehouse in Hiroshima City; this was the forebear of Uniqlo.. Add a comment Post. Otherindustry experts cited by Bloomberg point out that the brand still needs toadjust its brand identity and target customers. GU’s success is built on Fast Retailing’s existing strengths, like its expansive supply network and scale. "It will become an important aspect of the Fast Retailing business," JPMorgan Securities analyst Dairo Murata said in a recent market note. Fast Retailing continues to grow its GU brand, a cut-price and trendier sister label to Uniqlo, particularly in Asian markets.
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