Uniqlo owner Fast Retailing sees China profit dip By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: Investing.com
Profit Decline in China: Fast Retailing, operator of Uniqlo, reported a significant profit drop in China due to inadequate product offerings for warm winter weather, despite a 7.4% rise in overall operating profit driven by strong sales in Japan.
Expansion and Strategy Adjustments: The company plans to slow new store openings in China and implement a "scrap-and-build" strategy for underperforming locations while continuing aggressive expansion in North America and Europe, aiming for global leadership in the clothing market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
