The parent company of Japanese casualwear giant Uniqlo on Monday defended a decision to keep Russian stores open even as rivals Zara and H&M suspend
Fast Retailing, the operator of Japanese casualwear brand Uniqlo, on Thursday revised its annual projections slightly downwards as the pandemic drags on, despite sharp rebounds in its third-quarter earnings.
French magistrates have opened an inquiry into allegations that four fashion groups including Uniqlo and the owner of Zara profited from forced labour of the Uyghur minority in China, a judicial source said Thursday.
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.
Uniqlo operator Fast Retailing reported plunging profits and lowered its annual profit outlook on Thursday, with the Japanese giant citing the impact of the coronavirus pandemic, which forced lengthy store closures.