• Uniqlo operator Fast Retailing posts record net profit

    11 days ago - By Fashion United

    Tokyo - The operator of Japanese casualwear giant
    Uniqlo reported a record annual net profit on Thursday and predicted an even better performance this year as pandemic-related restrictions ease further worldwide.
    Fast Retailing said business had “recovered markedly” as infections were contained around the world, including a sharp recovery in sales in Europe and
    North America after virus lockdowns were lifted.
    In the 12 months to August 2021, the firm posted a better-than-expected net profit of 169.8 billion yen , up 88 percent on-year.
    A surge in demand for casual clothing and cost-cutting...
    Read more ...