Business Services Industry
Sales at Fast Retailing of Japan continued to decline in August.
Australasian Business Intelligence, September, 2002
Sep 05, 2002 (The Asian Wall Street Journal - ABIX via COMTEX)
Japanese retailer, Fast Retailing Company, has issued its sales figures for August 2002. The firm's year-on-year sales declined by 30, compared with 40 in July. Analysts believe that the company's sales decline will continue for some months. Fast Retailing's predicted operating profit of Y59.4bn for the 12 months to August is appearing increasingly optimistic. On 3 September, Fast Retailing's share price fell by 2.4, to Y3,310, before the sales figures were released. The company operates the discount Uniqlo chain.
Publication Date: 4 September 2002
FAST RETAILING COMPANY
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