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Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles
Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fashion Network

time11-07-2025

  • Business
  • Fashion Network

Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fast Retailing 's nine-month and Q3 results this week showed its star Uniqlo chain is continuing its strong performance, albeit facing a tough market in China. But what about its other brands? At youth brand GU, in the three months through May 2025 (that is, Q3) revenue rose to ¥90.4 billion (€527bn/£454bn/US$615), up 4.1%, while operating profit rose 12.1% to ¥12.4 billion. Despite strong sales of GU's range of Barrel Leg Pants, Sweat Look T-shirts, DRY T-shirts, and other items, same-store sales increased only slightly year-on-year 'due insufficient volumes and marketing of potentially promising products such as haori-style jackets and long T-shirts,' the company said. Meanwhile, the nine months to May saw GU revenue up 4% to ¥256.2 billion and operating profit down 10.7% at ¥26.3 billion. The gross profit margin declined as yen weakness pushed up the cost of sales. The selling, general and administrative expense ratio increased as the expansion in sales wasn't enough to counter higher costs in areas such as salaries. As for the group's Global Brands, its said Q3 revenue declined 4.6% to ¥32.7 billion but operating profit increased 35.1% to ¥1.9 billion. Revenue declined 'on the back of lacklustre sales at the Theory label. Both Theory Japan and Theory Asia reported lower revenue and profit levels 'on the back of struggling department store sales and declining consumer appetite for apparel, respectively'. Meanwhile overall profit increased due to a contraction in losses at the Comptoir des Cotonniers label'. Revenue at Comptoir des Cotonniers declined because store numbers had been reduced, but same-store sales increased. And in the nine months through May 2025, the segment reported a 3.1% drop in revenue to ¥100.5 billion but moved into the black with operating profit of ¥2.8 billion (it had made an operating loss of ¥0.3 billion in the previous year). Q3 at PLST saw 'sharply higher revenue and profit on the back of strong sales of new products and overall strong sales, buoyed by successful product launches at the Thank You Festival'. The company didn't give any monetary figures or percentages for PLST.

Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles
Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fashion Network

time11-07-2025

  • Business
  • Fashion Network

Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fast Retailing 's nine-month and Q3 results this week showed its star Uniqlo chain is continuing its strong performance, albeit facing a tough market in China. But what about its other brands? At youth brand GU, in the three months through May 2025 (that is, Q3) revenue rose to ¥90.4 billion (€527bn/£454bn/US$615), up 4.1%, while operating profit rose 12.1% to ¥12.4 billion. Despite strong sales of GU's range of Barrel Leg Pants, Sweat Look T-shirts, DRY T-shirts, and other items, same-store sales increased only slightly year-on-year 'due insufficient volumes and marketing of potentially promising products such as haori-style jackets and long T-shirts,' the company said. Meanwhile, the nine months to May saw GU revenue up 4% to ¥256.2 billion and operating profit down 10.7% at ¥26.3 billion. The gross profit margin declined as yen weakness pushed up the cost of sales. The selling, general and administrative expense ratio increased as the expansion in sales wasn't enough to counter higher costs in areas such as salaries. As for the group's Global Brands, its said Q3 revenue declined 4.6% to ¥32.7 billion but operating profit increased 35.1% to ¥1.9 billion. Revenue declined 'on the back of lacklustre sales at the Theory label. Both Theory Japan and Theory Asia reported lower revenue and profit levels 'on the back of struggling department store sales and declining consumer appetite for apparel, respectively'. Meanwhile overall profit increased due to a contraction in losses at the Comptoir des Cotonniers label'. Revenue at Comptoir des Cotonniers declined because store numbers had been reduced, but same-store sales increased. And in the nine months through May 2025, the segment reported a 3.1% drop in revenue to ¥100.5 billion but moved into the black with operating profit of ¥2.8 billion (it had made an operating loss of ¥0.3 billion in the previous year). Q3 at PLST saw 'sharply higher revenue and profit on the back of strong sales of new products and overall strong sales, buoyed by successful product launches at the Thank You Festival'. The company didn't give any monetary figures or percentages for PLST.

Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles
Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fashion Network

time11-07-2025

  • Business
  • Fashion Network

Fast Retailing's GU sees sales rising despite disappointing comps, Theory still struggles

Fast Retailing 's nine-month and Q3 results this week showed its star Uniqlo chain is continuing its strong performance, albeit facing a tough market in China. But what about its other brands? At youth brand GU, in the three months through May 2025 (that is, Q3) revenue rose to ¥90.4 billion (€527bn/£454bn/US$615), up 4.1%, while operating profit rose 12.1% to ¥12.4 billion. Despite strong sales of GU's range of Barrel Leg Pants, Sweat Look T-shirts, DRY T-shirts, and other items, same-store sales increased only slightly year-on-year 'due insufficient volumes and marketing of potentially promising products such as haori-style jackets and long T-shirts,' the company said. Meanwhile, the nine months to May saw GU revenue up 4% to ¥256.2 billion and operating profit down 10.7% at ¥26.3 billion. The gross profit margin declined as yen weakness pushed up the cost of sales. The selling, general and administrative expense ratio increased as the expansion in sales wasn't enough to counter higher costs in areas such as salaries. As for the group's Global Brands, its said Q3 revenue declined 4.6% to ¥32.7 billion but operating profit increased 35.1% to ¥1.9 billion. Revenue declined 'on the back of lacklustre sales at the Theory label. Both Theory Japan and Theory Asia reported lower revenue and profit levels 'on the back of struggling department store sales and declining consumer appetite for apparel, respectively'. Meanwhile overall profit increased due to a contraction in losses at the Comptoir des Cotonniers label'. Revenue at Comptoir des Cotonniers declined because store numbers had been reduced, but same-store sales increased. And in the nine months through May 2025, the segment reported a 3.1% drop in revenue to ¥100.5 billion but moved into the black with operating profit of ¥2.8 billion (it had made an operating loss of ¥0.3 billion in the previous year). Q3 at PLST saw 'sharply higher revenue and profit on the back of strong sales of new products and overall strong sales, buoyed by successful product launches at the Thank You Festival'. The company didn't give any monetary figures or percentages for PLST.

UNIQLO's latest viral pants are here: The Baggy Curve Jean is lightweight, affordable, stylish and comfortable
UNIQLO's latest viral pants are here: The Baggy Curve Jean is lightweight, affordable, stylish and comfortable

7NEWS

time09-07-2025

  • Entertainment
  • 7NEWS

UNIQLO's latest viral pants are here: The Baggy Curve Jean is lightweight, affordable, stylish and comfortable

UNIQLO's new viral pant trend has arrived and you're going to want a pair for yourself. UNIQLO's Baggy Curve Jeans are quickly becoming the brand's next viral hit, following in the footsteps of its highly popular Barrel Leg Pants. Known for delivering everyday essentials with a stylish twist, UNIQLO has once again struck a chord with fashion-forward shoppers looking for both comfort and contemporary flair. Crafted from a soft and breathable cotton-lyocell denim blend, the Baggy Curve Jeans feature a flattering curved silhouette that adds volume at the sides while cinching at the high waist. The result? A relaxed yet sculpted shape that suits a variety of body types. Retailing for just $59.90, these jeans are affordable yet still good quality, making them a standout in this season's denim offerings. The Baggy Curve Jean comes in three wearable colours, dark gray, a washed denim as well as a darker blue denim. Available both in-store and online, the jeans have already begun gaining traction on TikTok, where users are showcasing their fits and styling tips. Fashion influencers have helped catapult the Baggy Curve Jean into the spotlight. TikTok Influencer, Nathan Roy @_nathanroy's video of the new Baggy Curve Jeans, amassed more than one million views and people in the comments were obsessed. 'I'm running as fast I can to UNIQLO, ' one impressed person wrote. 'I need these jeans now,' another person commented. 'Those jeans look so comfortable, ' a third person added. As the buzz continues to grow, it's clear this silhouette is on track to become one of the year's most talked-about denim trends. Shoppers on UNIQLO's website have given the Baggy Curve Jeans, a 4.9-star rating. 'Love the way these jeans looked on me,' one happy shopper commented. 'I've finally found the perfect pair of jeans that fit me,' another person wrote. 'These jeans feel extremely light and comfortable,' a third shopper added.

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