TOKYO -- Japanese apparel chain Uniqlo eked out a seventh consecutive year of domestic sales growth, but parent Fast Retailing's outlook is clouded by the U.S.-China trade war and a consumer backlash in South Korea.
Washington's latest round of tariffs against China will likely weigh on Uniqlo's U.S. operations, where it runs 50 stores. Uniqlo is considering relocating Chinese apparel production to Southeast Asia due to the duties. The company looked to turn a profit in the U.S. in the year ended last month, but the operation appears to have bled red ink.
