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Retail

Uniqlo outstrips Zara as most valuable clothier at $103bn

Fast Retailing still behind Inditex in revenue and profit margin

Uniqlo's focus on Asian markets has paid off as the region has fared better in controlling the coronavirus pandemic. 

TOKYO -- The value of Fast Retailing, the Japanese parent of casual clothing chain Uniqlo, reached 10.87 trillion yen ($103 billion) at the end of trading Tuesday, putting it at the top of the global apparel industry in terms of market capitalization.

This marks the first time Fast Retailing topped Zara's Spanish parent Inditex, which had a market cap of about 81.7 billion euros ($99 billion) at Monday's close and 80.8 billion euros at the end of Tuesday. The Japanese retailer's share price has steadily climbed since last August.

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