TOKYO — Fast Retailing Co. Ltd. lowered its full-year earnings forecasts, citing foreign exchange factors that bit into first-half profits and an expected rise in operating costs in its home market of Japan.
Uniqlo’s corporate parent warned that full-year net profit will be weaker than expected, dropping 2.6 percent to 88 billion yen, or $958.24 million at current exchange. When releasing first-quarter numbers in January, the company had forecast full-year net profit of 92 billion yen, or $1 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"