UNIQLO OWNER DEFIES GLOBAL RETAIL SLUMP WITH STRONG GROWTH, BUT CHINA SALES DISAPPOINT
Fast Retailing, the Japanese owner of popular clothing chain Uniqlo, has reported strong growth in all markets except China, where weaker consumer spending and unseasonably warm weather have dampened sales. The company’s first-quarter results, released on Thursday, showed a significant increase in revenue and profits, driven by robust sales in Japan, North America, and Europe….