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Fast Retailing - Coronavirus (COVID-19) Company impact

Fast Retailing - Coronavirus (COVID-19) Company impact

Summary

The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact Fast Retailling's performance.

While Fast Retailing has been recording impressive growth over the past four years due to a strong international performance, the pandemic has drastically hindered trade as consumers cut back on discretionary spending.

The retailer has had a more drawn out exposure to the impacts of the virus than retailers that just operate in Europe/ North America or Asia, but this also means that it can implement its learnings from store reopenings and other innovations from Asia in Europe.

Scope

- Fast Retailing's reliance on clothing & footwear across all of its brands will be a hindrance to its performance as it will be one of the hardest hit sectors globally, with consumers deprioritising spend on non-essential items and having little reason to purchase many items of clothing.
- Fast Retailing has acknowledged the difficulties being faced by garment manufactures during the crisis, so has set out to provide support in order to reduce the long term impact of the virus on its supply chain.

Reasons to Buy

- Use our revised 2020 forecast for Fast Retailing to understand how it will perform this year.
- Use our charts to review how Fast Retailing's sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how Fast Retailing has responded to COVID-19 and how this will affect its performance.
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Fast Retailing - Coronavirus (COVID-19) Company impact
Published By :GlobalData
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