TOKYO -- Japanese clothing retailer Uniqlo is "at a turning point" with its store-opening strategy in China, the company's head of Chinese business said on Thursday as the chain's parent, Fast Retailing, announced a "large profit fall" in China during the three months through May.
Retail
Uniqlo owner at 'turning point' in China due to large profit fall there
Fast Retailing revises up full-year net profit forecast on 37.4% quarterly rise
A Uniqlo store in Beijing: The Japanese fashion brand said it suffered a "large profit fall" in mainland China and Hong Kong. (Photo by Tomoko Wakasugi)
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