Agence France-PresseJuly 11, 2013 04:02
The operator of Japanese cheap-chic clothing chain Uniqlo said Thursday it will open 10 new stores in the United States, as it reported a 22 percent jump in net profit.
For the nine months to May, Fast Retailing booked a net profit of 88.4 billion yen ($880 million).
Operating profit edged up 4.0 percent to 124.0 billion yen on sales of 885.8 billion yen, an increase of 19.1 percent on-year, the retailer said in a statement.
For the full year to August, it expects a net profit of 91.5 billion yen, up 27.7 percent on-year, on sales of 1.1 trillion yen, up 18.8 percent.