Revenues of Japanese brand Uniqlo declined only 0.5 per cent to ¥1.2 trillion in the first six months of the current financial year ending February 2021. Operating profit of the brand rose 22.9 per cent to ¥167.9 billion. Pre-tax profit increased by 13.7 per cent to ¥171 billion while net profit increased by 5.6 per cent at ¥109 billion.

In Japan, Uniqlo’s revenues increased by 6.2 per cent to ¥492.5 billion with operating profit increasing by 36.6 per cent to ¥97.8 billion. Same-store sales increased by 5.6 per cent due to strong sales of products such as loungewear and HeatTech blankets that fulfilled customer demand for stay-at-home items, as well as buoyant sales of core Fall/Winter items along with ultra stretch active jogger pants.

International Uniqlo’s revenues fell 3.6 per cent to ¥521.8 billion, although operating profit rose by 25.9 per cent to ¥67 billion. Europe and North America struggled most due to the pandemic yet e-commerce sales remained strong, rising in each market.