Amid US retail gloom, Uniqlo shines on COVID-triggered revamp [Financial Post (Toronto, Ontario, Canada)]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: Financial Post
Advertisement Retailers from Gap to Kohl’s are warning of slumping profit margins as inflation-wary customers hold off on buying clothing. But the flagship brand of Fast Retailing said it’s poised to book its first annual profit in North America – after 17 years of trying – aided by a revamp of its logistics and pricing strategy, introduced during the pandemic, and essentially halting discounting. Fast Retailing didn’t say how much it will make from its 59 Uniqlo stores in the region, 43 of which are in the United States with 16 in Canada. The number will be small compared with the 290 billion yen ($2.1 billion) analysts polled by Refinitiv expect it to book in overall operating profit for the 12 months ended August from more than 3,500 group stores around the world. But its customer base is declining in aging Japan, and concerns are increasing about how much it can rely on China as a growth engine. Analysts say whether Fast Retailing can sustain progress in North America will be a
Show less
Read more
Impact Snapshot
Event Time:
FRCOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRCOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRCOY alerts
High impacting FAST RETAILING UNSP/ADR news events
Weekly update
A roundup of the hottest topics
FRCOY
News
- Japan's Uniqlo opens Rome store as part of European expansion [Reuters]Reuters
- Japan's Nikkei ends higher as chip shares track US tech stocks, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance
- Japan's Nikkei rises as tech shares track US peers, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance
- Stocks muted, gold at new peak as markets weigh Fed cut timing [Reuters]Reuters
- Stocks muted, gold at new peak as markets weigh Fed cut timing [Yahoo! Finance]Yahoo! Finance