Geopolitical factors: People walking past Fast Retailing Co Ltd’s Uniqlo signboard at its shop in Tokyo. Uniqlo is said to be hurt by geopolitical turmoil. — Reuters
TOKYO: Fast Retailing Co has lowered its full-year operating profit outlook by 11% as the Uniqlo owner’s international segment – a key driver of growth – was hurt by geopolitical turmoil in South Korea and Hong Kong.
Asia’s largest retailer said earnings for the year through August would be 245 billion yen (US$2.24bil), according to a statement on Thursday.
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