By  on January 9, 2020

TOKYO — Fast Retailing said Thursday that its sales and profit for its fiscal first quarter both declined compared to the same period a year prior. The company attributed the drops to disappointing performance by its core Uniqlo brand in South Korea and Hong Kong, as well as to the impact of unseasonably warm weather.

The Japanese retailer said its net profit for the three months ended Nov. 30 fell by 8.2 percent on the year, for a total of 102 billion yen, or $938.3 billion.

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