UPDATE 2-Uniqlo owner's profits boosted by China, stay-at-home fashions [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: Reuters
UPDATE 2-Uniqlo owner's profits boosted by China, stay-at-home fashions By Reuters Staff 4 Min Read * Cites strong profit gain in China * Stay-at-home sweat pants, loose-fit shirts prove popular * Shares hit record highs ahead of results (Adds executive’s comments, details on sales) TOKYO, Jan 14 (Reuters) - Clothing brand Uniqlo’s Japanese owner on Thursday said operating profits were higher than pre-pandemic levels in its first quarter, boosted by China’s resurgence and strong demand for stay-at-home jogging pants and other comfortable styles. But Fast Retailing said it was hard to predict the impact of the pandemic beyond the next several months, an uncertainty some analysts said could limit further gains in the shares which hit record highs ahead of the results. Fast Retailing has widely been viewed as one of the most resilient retailers during the pandemic, despite suffering a hit in the early days from its dependence on China for both manufacturing and sales. The company runs a
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News
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