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Fast Retailing posts record Q1 profit on overseas Uniqlo sales
Add BT as a preferred sourcePublished Thu, Jan 11, 2018 · 09:50 PM
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Tokyo
JAPAN'S Fast Retailing raked in an all-time high profit in the first quarter, beating consensus estimate, buoyed by brisk business at its overseas Uniqlo clothing stores.
Fast Retailing has been pushing to expand overseas amid a patchy recovery in domestic consumer spending, in a bid to fulfil founder Tadashi Yanai's ambition to overtake H&M and Zara parent Inditex as the world's top apparel retailer. It is already Asia's biggest.
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