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UNIQLO Parent Fast Retailing Reports Minimal Q1 2021 Sales Dip
12 days ago - By Hypebeast
Coming off a healthy season of sales, UNIQLO parent company Fast Retailing has announced relatively optimistic results for its first financial bulletin of fiscal year 2021. Comprising the three months ending November 2020, the report details minimal decline in profit and sales, bolstered by rising operating profit. Still feeling the effects of the ongoing COVID-19 pandemic, Fast Retailing's sales fell 0.6 percent while net profit dropped 0.7 percent to just over ¥70 billion JPY. These minor declines were somewhat offset by soaring operating profits, which ballooned by 23.3 percent (¥113...
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