Uniqlo owner raises profit forecast amid expansion abroad
Sales in Japan, Europe, and the US outshine China, prompting Fast Retailing to boost its full-year outlook after better-than-expected results.
People visit a Uniqlo store at the Sanlitun business area in Beijing on November 30, 2024. Parent company Fast Retailing reported a better-than-expected fiscal first-half profit, driven by strong sales in Japan, Europe, North America, and the Asia-Pacific region. However, China sales fell 11% amid weak consumer sentiment and product misalignment. Image: Getty Images
People visit a Uniqlo store at the Sanlitun business area in Beijing on November 30, 2024. Parent company Fast Retailing reported a better-than-expected fiscal first-half profit, driven by strong sales in Japan, Europe, North America, and the Asia-Pacific region. However, China sales fell 11% amid weak consumer sentiment and product misalignment. Image: Getty Images