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Uniqlo parent firm downgrades outlook despite earnings rebound

Uniqlo parent firm downgrades outlook despite earnings rebound
rfi.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfi.fr Daily Mail and Mail on Sunday newspapers.

Uniqlo parent firm downgrades outlook despite earnings rebound

Uniqlo parent firm downgrades outlook despite earnings rebound
japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.

Anime Expo Lite 2021: Sneak Preview of Star Wars: Visions

Anime Expo Lite 2021: Sneak Preview of Star Wars: Visions
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Fast Retailing : Uniqlo owner Fast Retailing lifts full-year profit outlook as China shines

Message : Required fields TOKYO (Reuters) - Japan s Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23% jump in half-yearly operating profit and raised its full-year profit estimate, helped by a robust performance in China. The company has been among the most resilient retailers during the COVID-19 pandemic, as Uniqlo s focus on China and Japan helped it escape the worst of the downturn that hit the United States and Europe. Sales and profits in China exceeded our projections, Chief Financial Officer Takeshi Okazaki told reporters in Tokyo. Profitability rose because we were able to limit discounts as we tried to improve our product value and branding.

Japan s COVID crisis reawakens deflation fears as cash hoarding returns

Japan s COVID crisis reawakens deflation fears as cash hoarding returns Reuters 1/27/2021 By Leika Kihara and Kaori Kaneko Popular Searches TOKYO, Jan 27 (Reuters) - A spike in coronavirus infections in Japan is driving local households to do what they have always done in times of crisis: spend less and save more, stoking fears of a deeper retail recession and grinding deflation. Fifty-year-old Hiromi Suzuki is doing just that having quit her job at a Tokyo novelty store in December after the pandemic hit sales. I try not to spend money, she said, walking her dog in the city. Since I don t go out much, I don t buy cosmetics or clothes any more.

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