Hendren Group Advise Clients on Uniqlo Sales
Hendren Group are advising clients on Fast Retailing Co as the Japanese company's Uniqlo brand label experiences a four-year high surge in sales.
- (1888PressRelease) September 22, 2013 - Hendren Group is a financial management and investment company dealing with investment methods and strategies. Based in Tokyo boasting a large base of private clients and a well skilled team of advisors, they conduct research and then subsequently develop short and long-term systematic approaches to achieving optimum returns on investments for themselves, their associates and for their current client base.
The primarily Japanese based apparel maker and retailer Fast Retailing Co has seen a 29% increase in sales of its popular Uniqlo label across its stores in Japan as consumers flock to improve their summer wardrobe. The surge also comes as a weakening Yen helps drive the company's trade to overseas distributors that had experienced limited growth during the Japanese currency record high value.
Fast Retailing, for whom the Japanese domestic market accounts for some 77% of its revenues operates a total of 2327 stores worldwide with its wholly owned Uniqlo label stores comprising 847 of its domestic locations and a further 359 of its overseas outlets. In its domestic operations, Uniqlo has undertaken a policy of cost cutting and discounts on its lines to maintain its market share as consumers became more economical in their spending outlook.
Hendren Group Senior Vice President of Mergers and Acquisitions, David Holmes said, "All in all a combination of beneficial factors as well as some smart policy decisions have seen Uniqlo ride a pretty dramatic rise in sales. They have been playing things safe for a while as they labored with the Yen's value, but now it would seem that they along with Japan's retail sector as a whole has slipped that leash. We would expect the company to be one of those who really push hard during this opportune time."
With ongoing overhauls of its collections and efforts to improve brand recognition to aid stated goals of $50 billion a year in sales globally by 2020, Fast Retailing has had a very successful year to date aside from Uniqlo's surge. The company's net income for the third quarter is up 56%, with its overall gains for the year up 55%, 13% above the Topix benchmark for the same period.
Hendren Group Senior Vice President David Holmes concluded, "When you look at a company like Fast Retailing, what stands out is how well they performed under less than optimal conditions with the Yen's value affecting the retail sector. With a more positive climate at the moment it would be foolish not see how such a well-managed company will take advantage of the situation. The company is one of interest for our investors within Japan and we will continue to monitor for our clients on its performance in regards to their portfolios."
Hendren Group is set to continue to advise clients to acquire shares within the Asian markets adding to successful diversified portfolios.
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