Fast Retailing, Uniqlo's parent company, raises full-year profit forecast to ¥475bn, driven by strong sales in Japan and overseas markets, benefiting from weak yen and planning expansion in key regions.
Fast Retailing, parent company of Uniqlo, raises full-year profit forecast for the third consecutive year, to ¥475 billion ($2.94 billion). Strong sales in Japan and some overseas markets, including North America, Europe, and Southeast Asia, contributed to the growth. The weak yen has also boosted the value of its sales abroad. The company plans to expand its presence in Greater China, North America, and Europe, leveraging the post-pandemic shift of consumers towards value over luxury.
July 11, 2024
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