By  on July 14, 2011

TOKYO — Uniqlo’s corporate parent, Fast Retailing Co. Ltd., said Thursday its net profit for the nine months ended May 31 tumbled 20.5 percent as the company discounted unsold merchandise and racked up some onetime expenses linked to the earthquake and tsunami in March.

This story first appeared in the July 15, 2011 issue of WWD. Subscribe Today.

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