|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||568.20 - 568.20|
|52-week range||454.02 - 731.38|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||32.51|
|Forward dividend & yield||4.90 (0.86%)|
|Ex-dividend date||30 Aug 2022|
|1y target est||N/A|
I read with interest the article in Life & Arts on how the Uniqlo brand is starting a repair and mending service as part of its sustainability plans (September 17). This is commendable but will the technology be able to cope?During lockdown, I emailed my cousin to say I was “darning my vest” and I could feel our fierce grandmother looking over my shoulder.
TOKYO (Reuters) -Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model. Retailers from Gap to Kohl's are warning of slumping profit margins as inflation-wary customers hold off on buying clothing. 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.
Japan's Fast Retailing, the owner of clothing brand Uniqlo, posted record quarterly profit on Thursday, as the weaker yen and strong sales in the United States made up for a slump in a pandemic-hit Chinese market. Operating profit for the three-month period to the end of May jumped 37% from a year earlier to 81.8 billion yen ($587.4 million), an all-time high, the company said in a statement, as it lifted forecasts for sales and earnings for the full fiscal year. The consensus forecast was for operating profit of 66.72 billion yen, according to the average of forecasts from seven analysts polled by Refinitiv.