By  on November 3, 2010

TOKYO—Fast Retailing Co., Ltd. shares rallied Thursday morning as investors digested Uniqlo’s October comps.

Fast Retailing closed the morning session up 8 percent at 11,680 yen, or $144.39, while the Nikkei 225 rose 2.24 percent.

Fast Retailing said Tuesday that Uniqlo’s Japan comps slid 1.1 percent, marking a significant improvement from September’s numbers. Sept. comps tumbled 24.7 percent, a drop the company blamed on unseasonably warm weather.

 

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