TOKYO -- The parent of Japan's Uniqlo apparel chain said brisk demand at home and in China helped it start its financial year strongly, mitigating the hit from store closures elsewhere during the coronavirus pandemic.
Fast Retailing is sticking to its forecast of record net profits of 165 billion yen ($1.58 billion) in the 12 months ending this August, assuming significant sales growth during the second half of the year in China. That would represent a jump of 82% in year-on-year annual profits.
