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Virus Bites Uniqlo Parent’s First-Half Revenues, Profits

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Japan’s Fast Retailing is working with its factories to right-size its Fall/Winter merchandise assortment and expects excess inventory from closed stores due to the coronavirus to “gradually normalize” through the next fiscal year. In a Nutshell: For the first-half report, Uniqlo’s parent company said the coronavirus impacted its stores in South Korea and Greater China…

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