Last €1.04 EUR
Change Today +0.048 / 4.85%
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As of 4:19 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

fast casualwear ag (FCA) Snapshot

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01/17/14 - €2.85
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08/28/13 - €0.42
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fast casualwear ag (FCA) Details

FAST Casualwear AG, together with its subsidiaries, engages in the design, production, and sale of footwear, apparel, and accessories for male and female customers in the People’s Republic of China. It operates in FAST Brands and Others segments. The company’s FAST Brands segment offers casual footwear, such as fashion shoes, sneakers, canvas shoes, sandals, slippers, slip-ons, and boots; and casual apparel, such as coats, jackets, sweaters, T-shirts, shirts, jeans, trousers, and shorts, as well as accessories, such as bags, scarfs, caps, and belts under its FAST brand. Its Others Segment engages in the sale of sports shoes and casual shoes manufactured for various international brand owners primarily in Europe and the United States. The company sells its products through regional distributors to retail outlets, as well as through department stores. FAST Casualwear AG is based in Hamburg, Germany.

980 Employees
Last Reported Date: 11/28/13

fast casualwear ag (FCA) Top Compensated Officers

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fast casualwear ag (FCA) Key Developments

FAST Casualwear AG Receives EUR 3.2 Million Order from Europe

FAST Casualwear AG is assigned to produce and deliver 400,000 pairs of casual children's shoes under a famous brand. The order has a value of about EUR 3.2 million and is expected to be ready for shipment during the second quarter 2014.

FAST Casualwear Announces Successful Conclusion of OEM Contract

FAST Casualwear announced that it successfully concluded the contract as Original Equipment Manufacturer with a renowned European retail group. The company had announced the planned signing of the contract in October 2013. The contract with a term of two years makes FAST one of the retail group's main OEM suppliers for shoes. According to the first OEM order in January 2014, FAST will deliver a total of 500,000 pairs of casual children's shoes under a famous brand. The order has a value of about EUR 4 million and is expected to be ready for shipment during the second quarter 2014. In the future FAST will expand its cooperation with large retail chain customers in Europe in order to strengthen its presence in this attractive market. The company is especially interested in concluding long-term standing orders tailored to the production capacity of FAST Casualwear. Besides its successful development in the OEM business outside the domestic market, the company will continue to focus on the further development of its own brand FAST in the Chinese market.

FAST Casualwear AG Plans to Enter Online Shopping Business

FAST Casualwear AG plans to expand the distribution of its products to popular Chinese online shopping platforms in order to strengthen the sales of its FAST branded products. For the new online sales of its products under the company-own label FAST, FAST Casualwear has chosen several well-known Chinese online platforms FAST has been aggressively developing new sales models and intends to expand its sales activities to different retail channels. By establishing online sales platforms, the company will not only enter a new distribution channel for FAST products to enhance sales for future growth. FAST will also develop an integrated online to offline operations model. Thus, in the future FAST will be able to offer its customers a synchronized online and offline shopping experience. The combined online and offline distribution permits FAST to achieve an integrated sales promotion and to organize interactive events, thereby creating an organised multi-dimensional online shopping model. To support FAST's online marketing business activities and to accelerate the further development of its online sales, the company intends to authorise a renowned e-commerce operator to benefit from its extensive online marketing experience, e-commerce business network, its large customer base and competent management team.


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