As per an Economic Times report, Japanese casual clothing chain Uniqlo has posted net loss of Rs 64 crore with sales of Rs 129 crore during FY19-20.

The financial parameters of Uniqlo, that opened its first store in October last year, are better than several other apparel brands considering that it had four stores with many operational for just few weeks until the fiscal year end. During the financial year under review, the company allotted 30.63 lakh equity shares aggregating Rs 170 crore to its holding company, Fast Retailing, Japan on right basis, according to documents sourced from Altinfo, a data insights firm.

During their first year, H&M's Indian unit posted Rs 194 crore in sales in 2015, while Zara had clocked revenues of Rs149 crore in 2010. While both companies had opened their first store in October that year, reflecting six-month performance, the European rivals became profitable in their launch year.

Experts feel average price-tag by rivals is about 25–30% lower than Uniqlo, and the retailer needs to rationalize pricing strategy and tweak merchandise to suit Indian preferences.