Uniqlo profits down 40% as Fast Retailing predicts bounce-back recovery

// Uniqlo revenue down 12.3% after global impact of coronavirus
// Japanese apparel brand predicted to bounce back from impact of pandemic by 2021 with a 64% rise in profit by August next year
// Uniqlo aiming to open a flagship in every major city worldwideFor the year just ended, Fast Retailing reported JPY 149 billion (GBP 1.09 billion) operating profit, above the market consensus forecast of JPY 137 billion (GBP 1 billion), according to Refinitiv.
Uniqlo’s parent company achieved JPY 1