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Fast Retailing Co., Ltd. (FRCOF)
- Fortune
Shares of Uniqlo’s parent company drop almost 5% as the retailer warns of a ‘turning point’ in its China strategy
Fast Retailing, the Japanese owner of Uniqlo, is warning of large drops in profit and revenue from China, even as sales in other markets grow.
- Reuters
Uniqlo owner lifts forecast again as weak yen powers sales from tourists
TOKYO (Reuters) -The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be its third consecutive year of record profits, buoyed by strong sales at home and some overseas markets. The domestic market was a bright spot for Fast Retailing, aided by a surge in duty-free sales from tourists taking advantage of the yen's slide to a 38-year low. Meanwhile the company said there were signs of maturing in China, its largest overseas market.
- Insider Monkey
30 Richest People in Asia in 2024
In this article, we discuss the 30 richest people in Asia in 2024. To skip the detailed analysis, go directly to the 5 Richest People in Asia in 2024. Asia’s Economic Outlook and Billionaire Economy Asia’s compelling economic growth and wealth landscape has consistently seized global attention. Asia’s richest person is Mukesh Ambani and he […]
