Uniqlo shows continued pandemic challenges for fast fashion — Panjiva
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Uniqlo shows continued pandemic challenges for fast fashion

Cons. Discr. - Apparel 531 Cons. Discr. - Retailing 519 Earnings 759 Quote Watch 452 U.S. 5404

Fast Retailing published FQ1’21 (to Nov. 30) revenues which dipped by 0.6% year over year. That was well below the 2.5% increase expected by analysts. Weakness in the North America business was one reason for the decline. Management indicated that came “after some stores were temporarily closed and people’s movement outside the home was restricted”, indicating a recovery from the ravages of the pandemic is taking a long time. The region is “forecast to fall short of plan” in the six months to Feb. 28. U.S. seaborne imports of apparel and other produ...

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