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Uniqlo owner sees China recovery after reporting 9% profit drop

Fast Retailing to raise wages to match service it expects: CFO

Uniqlo parent Fast Retailing reported first-quarter earnings that fell short of analysts' expectations. (Photo by Masayuki Terazawa) 

TOKYO -- Uniqlo's parent Fast Retailing said on Thursday that sales in mainland China jumped by "double digits" this month after the government removed strict COVID restrictions that had subdued consumer spending.

Fast Retailing's Chief Financial Officer Takeshi Okazaki was talking at a press briefing announcing earnings for its first quarter ended in November.

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