TOKYO — Fast Retailing Co. Ltd., parent of Japanese fast-fashion label Uniqlo, reported a 34.9 percent drop in net profits in the first quarter ended Nov. 30 to 22.71 billion yen, or $274.1 million at average exchange.
The company said Thursday that sales for the period dropped 4.7 percent to 250.99 billion yen, or $3.03 billion. Uniqlo, which previously was showing continuous signs of strong growth, has reported decreases in same-store sales over the past months. November figures fell 14.5 percent, and December same-store sales, which will likely affect the company’s second-quarter performance, were down 15.5 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)