Uniqlo’s Fast Retailing blames warm winter for surprise profit decline

Unexpected decline: Uniqlo has become Asia’s biggest clothing retailer, helped in part by the popularity of its basic items such as ultra-light down coats and Heattech thermal underwear. — Reuters

TOKYO: Uniqlo operator Fast Retailing Co Ltd reported an unexpected decline in quarterly profit, blaming warm weather for hurting winter clothing sales even as its Chinese business shrugged off concerns of a decelerating economy.

Uniqlo has become Asia’s biggest clothing retailer, helped in part by the popularity of its basic items such as ultra-light down coats and Heattech thermal underwear.