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Uniqlo owner Fast Retailing sees Japan shopping recovery

Fashion operator expects continued gloom in Southeast Asia

A Uniqlo store in Tokyo in June. Sales in Japan jumped 26% that month compared with the same period a year ago. (Photo by Kento Awashima)

TOKYO -- Uniqlo owner Fast Retailing expects diverging regional fortunes as its fashion business recovers from the coronavirus pandemic, with strong growth in Japan but gloom in Southeast Asia and western markets for the rest of its financial year.

The company, which has had a recent sales hit in Japan with a new face mask to combat the coronavirus, said local Uniqlo sales should grow up to 25% year-on-year in the June-August quarter as the country bounces back from a state of emergency.

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