Uniqlo owner Fast Retailing posts surge in sales and profits ‘in all markets’
Fast Retailing, the owner of fashion giant Uniqlo, has reported a boom in both sales and profits “in all markets” as it hails its third consecutive “record annual performance”.
Fast Retailing posted a 20.2% increase in group revenue for the full year to August 31, 2023, to reach ¥2.76trn (£15bn). Operating profit was also up 28.2% year on year from ¥297.3bn (£1.62bn) in 2022 to ¥381bn (£2.08bn).
In Japan, the retailer posted revenue of ¥890.4bn (£4.87bn), which was up 9.9% year on year, while operating profit was up 9.2% to reach ¥117.8bn (£640m).
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