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TOKYO, Japan (AFP) — Japan’s Fast Retailing said Thursday that sales at its Uniqlo stores abroad had outstripped domestic demand for the first time, as Asia’s biggest retailer delivered quarterly earnings that beat market expectations. Driven by a strong performance in China and the wider Asia region, overseas sales at the cheap-chic Uniqlo chain soared by nearly one third to 258 billion yen ($2.3 billion), just beating the 257 billion yen from domestic sales. Uniqlo […]
TOKYO, Japan (AFP) — Uniqlo’s parent company said Thursday that its annual net profit more than doubled from a year ago to a record thanks to strong sales and as a cheaper yen inflated profits. Fast Retailing’s net profit came in at 119 billion yen ($1 billion) in the fiscal year through August, with revenue up 4.2 percent at 1.86 trillion yen, it said. Asia’s biggest retailer — a rival of Zara, Gap and H&M — said sales […]
