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Uniqlo steps up Europe push with stores in Berlin and Paris

By Dominique Vidalon, Pascale Denis and Emma Thomasson PARIS/BERLIN (Reuters) - Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd <9983.T> to become the world's top fashion retailer by 2020. Fast Retailing wants to open more stores abroad as it sees turnover growth slow in its home market, where the population is ageing and declining and where it lowered forecasts for Uniqlo's sales on Thursday.

Gap Inc seeks new berth in China with Old Navy

By Adam Jourdan SHANGHAI (Reuters) - When Gap Inc <GPS.N> began an online campaign ahead of the launch its Old Navy label in China, the iconic U.S. clothes retailer posed an important question to its potential Chinese consumers: have you heard of Old Navy? Only a few had.

Tokyo stocks up 1.14% by break

Tokyo stocks rose 1.14 percent Monday morning, tracking gains on Wall Street as investors took a positive view of a below-forecast US employment report. The benchmark Nikkei-225 index added 164.38 points to 14,626.79 by the break, while the Topix index of all first-section shares climbed 0.69 percent, or 8.16 points, to 1,197.30.

Uniqlo operator says planning HK listing in China drive

The operator of Japanese cheap-chic clothing chain Uniqlo said Monday it was planning a secondary share listing in Hong Kong, as the company expands its brand across Asia and beyond. Fast Retailing said that it was on track to issue depositary receipts on the southern Chinese city's bourse on March 5, pending approval from the exchange. Depositary receipts are a mechanism frequently used by firms to let investors trade their shares on a foreign exchange.

Tokyo stocks down 2.49% by break

Tokyo stocks fell 2.49 percent Monday morning following a sell-off on Wall Street and as the dollar sank against the yen on concerns over emerging economies. The benchmark Nikkei-225 index lost 382.52 points to sit at 15,009.04 by the break, while the Topix index of all first-section shares slipped 2.69 percent, or 32.62 points, to 1,231.98. Doubts about the prospects for growth in Japanese earnings are a key driver of the current selling pressure, Hiroichi Nishi, SMBC Nikko Securities general manager of equities, told Dow Jones Newswires.

Tokyo stocks close down 0.39%

Tokyo stocks closed 0.39 percent lower Thursday, losing steam after early buying stoked by a record close on Wall Street and the dollar's gain against the yen. The benchmark Nikkei 225 index fell 61.53 points to 15,747.20, while the Topix index of all first-section shares slipped 0.01 percent, or 0.13 points, to 1,294.39.

Fast Retailing tumbles to five-week low after earnings miss target

TOKYO (Reuters) - Shares of Fast Retailing Co Ltd <9983.T>, operator of the Uniqlo clothing chain, tumbled as much as 5.4 percent to a five-week low in early trade on Friday after its full-year operating profit came in below its own target. Fast Retailing posted a 5.1 percent increase in operating profit to 132.92 billion yen ($1.4 billion) for the year ended on August 31. The result was 7.4 percent below its guidance of 143.50 billion yen, as heavy discounting depressed margins at its flagship Uniqlo stores.

Japan's Uniqlo operator logs record annual profit

The operator of Japanese cheap-chic clothing chain Uniqlo on Thursday said its annual net profit jumped 26.1 percent to a record as it keeps up a rapid expansion drive. Fast Retailing said it earned 90.38 billion yen ($930 million) in its financial year to August, as sales surged 23.1 percent to 1.14 trillion yen, topping the trillion-yen mark for the first time. Last month, the company said it was branching out to Australia, with a store in Melbourne next year, as it opened a huge branch in Shanghai.

Bargain cashmere tests thrifty Japan's taste for little luxuries

By Ritsuko Shimizu TOKYO (Reuters) - Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan's biggest retailers are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.

Uniqlo heading Down Under with new Australia store

The operator of Japanese cheap-chic clothing chain Uniqlo said Monday it was branching out to Australia, with a store in Melbourne next year, as it opened a huge branch in Shanghai. "Uniqlo has selected Emporium Melbourne, a brand new retail complex in the heart of Melbourne's city centre, as the location for its first official Australian presence," Fast Retailing said in a statement.
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