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Japanese retail holding company Fast Retailing intends to have 1000 shops for its low-cost GU brand overseas in 10 years, up from about 10 foreign stores now. GU sells clothing often priced at about half that of stablemate Uniqlo. Fast Retailing will expand…
Uniqlo, Asia’s largest apparel retailer, has delivered a disappointing set of results for the quarter to November 30. While revenue rose 8.5 per cent year on year to ¥520.3 billion (US$4.44 billion), profit fell 16.9 per cent to ¥75.9 billion ($647.1…
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