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Fast Retailing Reports Record $3 Billion in Annual Profit

Uniqlo’s Quest to Conquer The US, One Cashmere Sweater at a Time

Japan’s Fast Retailing, owner of clothing brand Uniqlo, reported on Thursday that full-year operating profit rose 28 percent to reach its second consecutive record, aided by a post-pandemic recovery in China and the yen’s slide.

Profit was 381.1 billion yen ($2.56 billion) in the 12 months through August compared with 297.3 billion yen, the previous all-time high, a year earlier.

The result was slightly above the consensus forecast of 374.6…


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Russian Duma to vote next week on scrapping ratification of nuclear test ban treaty

Russian Duma to vote next week on scrapping ratification of nuclear test ban treaty

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Study suggests health care access is not preventing deaths among pregnant and postpartum people