TOKYO — Fast Retailing Co. Ltd. reported double-digit growth for the full year but missed its earnings and sales targets due to lower-than-expected sales both internationally and in its home market of Japan.
The company, which is the corporate parent of Uniqlo, said Thursday that its net profit rose 31.8 percent to 71.65 billion yen, or $910.72 million at average rates, for the year ended Aug. 31. The company’s previous forecast was for 79 billion yen, or $1 billion at current exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)