TOKYO -- Fast Retailing, the Japanese operator of the casual clothing chain Uniqlo, has narrowed the gap against Zara, the global apparel leader in market value, as investors applaud the company's major presence in China.
While apparel sales are down sharply in the U.S. and Europe, Zara's main markets, as the coronavirus pandemic takes its toll, the decline is relatively mild in Asia where Fast Retailing is focused on. Their share prices appear to be factoring in this reality.
