Reported 3 days ago
Fast Retailing, the operator of Uniqlo, has reduced its second-half profit outlook by 10 billion yen ($68 million) amid expectations that US tariffs will affect its North American clothing business. Despite a recent 90-day pause on tariffs declared by President Trump, the company anticipates a 2-3% decline in consolidated profit due to previous imports. Fast Retailing did, however, raise its full-year profit forecast thanks to robust sales in Japan and abroad, while facing challenges in China.
Source: YAHOO