Uniqlo owner sees China recovery after reporting 9% profit drop

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

20230111 Uniqlo

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

NATSUMI KAWASAKI, Nikkei staff writer

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.

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