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.
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?"