Uniqlo sees profits soar in China despite Beijing-Tokyo tensions
Fast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...
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