By and  on July 14, 2016
A rendering of Uniqlo's Disney Springs store.

Fast Retailing, the corporate parent of Uniqlo, said Thursday it saw higher sales in the first nine months of the year but its profits slid substantially, due in part to a strong yen. The currency impact also prompted it to trim its full-year earnings forecast for the third time this year.

Asia's largest clothing retailer said net profit for the nine months through May slid 46.4 percent to 71 billion yen, or $617.7 million at average exchange for the period. Sales at the Japanese company grew 6.4 percent to 1.43 trillion yen, or $12.48 billion.

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