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...

'" 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

Extending its foray into the China market, UNDERCOVER x Nike GYAKUSOU recently made its debut at select Nike retailers. Combining Jun Takahashi's avant garde approach with Nike's functional aesthetics, the unique collaboration looks to the basis of utilitarian philosophy, incorporating modern...

sales in China." (Bloomberg) "Hundreds of factory workers at a Chinese supplier to Co. are striking over the dismissal of some of the employees, forcing production to shut down, a labor rights group said." (CNBC) "Based on feedback from the experts on the ground in China, it seems as if...

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...

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 drop in the benchmark Nikkei average

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

in the US and China's slowdown. Uniqlo "will have to adjust prices to the lower side for a while until they revamp the lineup and come up with products whose value justifies higher prices," Masafumi Shoda, an analyst at Nomura Holdings Inc., said by phone ahead of the brand's clothing...

"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...

 

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