Agenda-setting intelligence, analysis and advice for the global fashion community.

Fast Retailing Net Forecast Misses Estimates on Weak Sentiment

Uniqlo flagship in Tokyo | Source: Courtesy (Courtesy)

Bloomberg

10 October 2013

TOKYO, Japan — Fast Retailing Co., Asia's largest clothing retailer, forecast profit that missed analyst estimates amid weak consumer sentiment in Japan.

Net income will probably be 92 billion yen ($941 million) for the year ending August 2014, the company said today in a statement. That’s lower than the 99.3 billion yen average of 19 analyst estimates compiled by Bloomberg. Sales may reach 1.33 trillion yen in the year, the company said.

By Yuki Yamaguchi; Editors: Dave McCombs, Anjali Cordeiro

In This Article

Topics

News & Analysis

Organisations

Location

Tokyo, Japan

Trump’s Options After the Supreme Court Said His Tariffs Are Illegal

Hours after the Supreme Court issued its decision, Trump began relying on alternative legislation to try to rebuild his tariff wall.

Trump Boosts New Tariff Rate to 15% a Day After Announcing 10%

The new announcement stirred up more economic turbulence as president Trump lashed out at the US Supreme Court.

The Supreme Court’s Tariff Ruling: What Fashion Needs to Know

A majority of justices struck down the ‘Liberation Day’ tariffs that sent shockwaves through the fashion industry, setting the stage for a rush of brands trying to recoup duties they’ve already paid.

US Supreme Court Overturns Trump’s Emergency Tariffs

The ruling strikes down the so-called ‘Liberation Day’ tariffs that sent a shockwave through the fashion industry and sets the stage for a rush of brands trying to recoup duties they’ve already paid.

US Customs Agency Says Tariff Refund System Will Be Ready in 45 Days

The Supreme Court did not say how the collected tariffs should be refunded when it struck Trump’s economic policy down as unconstitutional last month, leaving small importers worried the process would ⁠be expensive and time-consuming.

When War and Luxury Collide

Escalating conflict in the Middle East is exposing how quickly geopolitics can disrupt even luxury’s most carefully cultivated retail hubs.

Nike’s Latest SEC Filing Revives Converse Sale Speculation

In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.

Pete Nordstrom on the Enduring Power of Retail’s ‘Best Mousetrap’ | The BoF Podcast

Nordstrom’s co-CEO and president joins Imran Amed to discuss the retailer’s 125-year history, why he believes the department store model still works and how taking the company private is shaping the company’s next chapter.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

CONNECT WITH US ON

News & Analysis

Topics

More

Careers

Community

Subscribe

About Us