Uniqlo owner set for ‘record’ year as sales and profits surge despite China slump

Fast Retailing, Uniqlo’s parent company, is poised for a stellar year as it experiences a surge in sales and profits, despite a downturn in China. The retail giant is on course to achieve a “record full-year performance,” thanks to robust growth in all its markets outside of China. In the three months leading up to November 30, 2024, Fast Retailing witnessed a remarkable 21% increase in pre-tax profits, amounting to a staggering £1 billion (196.6 billion yen). This impressive growth can be attributed to a substantial 10.4% uptick in…