Uniqlo New York | Source: Covenants Fast Retailing sets sights on US expansion(FT) "Fast Retailing is poised to expand aggressively in the US, where it is opening its largest Uniqlo store on Friday, as part of its plan to globalise operations rapidly and reduce dependence on its home...

'" Fast Retailing Profit Slides 35% (Bloomberg) "Fast Retailing Co., Asia's largest clothing chain, reported a 35 percent decline in first-quarter profit after sales fell at its Uniqlo stores in Japan. Net income for the three months ended November dropped to 22.7 billion yen as

"These first international agreements signify an important milestone for Joe Fresh as we build on the strong foundation we've established at home in Canada. We continue to evolve the brand forward and I'm thrilled to see Joe Fresh grow into a global brand, developing on the success we have had...

YAMAGUCHI, Japan —Fast Retailing Co. forecast full-year operating profit will improve 37 percent as the owner of the Uniqlo casual-wear chain recovers from a slump in the last fiscal year by committing to lower prices to win back customers. Operating income will probably be ¥175 billion...

" (CNBC) "Based on feedback from the experts on the ground in China, it seems as if no turnaround in sales at luxury retailers is on the horizon." (CNN) "As its first international style ambassador, Hu will champion British fashion in his homeland and beyond." (Forbes) "It's not that the...

Fast Retailing rose 3.9 percent to 28,740 yen, the most in a month, while Muji owner Ryohin Keikaku Co. gained 2 percent by the close of trading in Tokyo. The Nikkei newspaper reported the Uniqlo competitor's operating profit may rise to a record in the March-to-May quarter. The Topix index...

"We've heard a series of negative news about Fast Retailing but as it turns out their operating profit in the quarter was well over 40 percent of their full-year target," he said. Other stocks with a prominent role in the FU Top 100 Index yesterday were ASOS. Despite the UK home delivery...

TOKYO, Japan — Fast Retailing Co. cut its full-year operating profit forecast as unseasonably warm weather in its Japanese home market hurt sales of winter clothes for the retailer's Uniqlo brand of casual wear. Operating profit will probably be 180 billion yen ($1.5 billion) in the year...

Shares of Fast Retailing have fallen 12 percent since the quake, underperforming a 8.1 percent decline in the benchmark Nikkei average.

Fast Retailing's forecast cut puts more pressure on Yanai to achieve his goal of 5 trillion yen sales by 2020 and turn Asia's biggest clothing retailer into a world leader. Amid stagnant consumption in Japan, Yanai has adjusted his pricing strategy with a promise to offer the "lowest...

 

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