By  on October 10, 2008

TOKYO — Fast Retailing Co. Ltd. saw double-digit profit and sales growth for the fiscal year ended Aug. 31, bucking an otherwise negative trend for retailers in a sluggish Japanese economy.

Net profits for the year rose 37 percent to 43.53 billion yen, or $403 million, while the operating profit increased 34.7 percent to 87.49 billion yen, or $810.1 million. Sales advanced 11.7 percent to 586.45 billion yen, or $5.43 billion.

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