Uniqlo – quarterly sales 23% up + plans for Australia

img1Uniqlo announced its quarterly operating profit at end May had increased by 27% to 292.5 million US. Same store sales in Japan have also grown 15.4% in the quarter compared to last year.

For the full year to August 2009, forecasts have been revised to grow 23.4% from the prior year.

Uniqlo Chief Executive Tadashi Yanai again reiterated his plans to reach 1 trillion yen in annual revenue for the year ending August 2010. To achieve this they are launching an aggressive overseas expansion plan involving 100 stores in Mainland China & Hong Konh plus 100 more stores in South Korea. They are also planning 100 additional stores in Asia & Australia.

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