By and  on January 9, 2014

TOKYO — Fast Retailing Co. Ltd. said Thursday it posted higher earnings and sales in the first quarter as it appointed four executives to newly created roles at its Uniqlo division, bringing in talent with experience at companies such as Wal-Mart Stores Inc., Juicy Couture and Express Inc.

The Japanese retail giant said its net profits for the three months ended Nov. 30 rose 8.8 percent to 41.85 billion yen, or $422.69 million at average exchange rates for the period. First-quarter operating profits increased 13.1 percent to 64.03 billion yen, or $646.70 million. Sales jumped 22.3 percent to 389.05 billion yen, or $3.92 billion.

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