Uniqlo owner reports strong growth in all markets but China

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Uniqlo owner reports strong growth in all markets but China - Business Mirror

Quick Summary:

Uniqlo owner Fast Retailing Co.reported strong growth in revenue and operating profit for the three months through November, as robust demand across Japan, North America and Europe helped offset sustained slowdown in China.

The stock jumped 54 percent last year while the benchmark Topix index rose 18 percent.

Fast Retailing plans to raise salaries for new hires by 10 percent to ¥330,000 a month and those of new store managers by 5.1 percent to ¥410,000 a month, it said earlier this week.