A South Korean boycott of Japanese goods is seen dragging down sales at Fast Retailing Co Ltd’s Uniqlo stores, denting otherwise strong financial results due to be announced on Thursday, analysts said.
The CEO of Japanese fashion and retail group Fast Retailing (owner among others of Uniqlo and Comptoir des Cotonniers), said that the group’s top job is better suited to a woman, according to Bloomberg.
Uniqlo is continuing its global rollout and on Monday announced plans to enter the Italian market in 2019. Next autumn, it will open its first store in Milan, on Piazza Cordusio, in the heart of the historical city.
Fast Retailing, owner of Japan’s popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.