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Uniqlo parent records 17% leap in Q1 profit
New York -- Fast Retailing Co., parent to the Uniqlo chain, reported Thursday that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.
On Wednesday, the company announced that Uniqlo will continue its U.S. expansion strategy by opening two new mall locations in New York.
The company has raised its annual profit forecast. -
DSW taps VendorNet as omnichannel partner
Boynton Beach, Fla. -- Designer Shoe Warehouse Inc., has selected VendorNet to provide ship-from-store and dropship management solutions.
VendorNet, a wholly owned subsidiary of GSI Commerce, an eBay Inc. company, is a provider of cross-channel fulfillment and supply chain technology. DSW will use VendorNet’s StoreNet Live to implement omnichannel retail capabilities, including brick-and-mortar store fulfillment for online sales.