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Uniqlo operator Fast Retailing raises profit outlook AFP 3 hrs ago AFP © Kazuhiro NOGI Following years of aggressive expansion, Fast Retailing is vying to be the world s most valuable clothing firm Uniqlo s parent company Fast Retailing said Thursday it expects a stronger rebound in full-year operating profit driven by a solid performance in East Asian countries hit less hard by virus lockdowns. The Japanese clothing empire forecast 2020/21 operating profit of 255 billion yen ($2.3 billion) up slightly from its previous estimate of 245 billion yen. That marks a rise of 70.7 percent from the year before, when business began to be hit worldwide by the Covid-19 pandemic with many shops forced to close for extended periods.

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