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Uniqlo Parent Posts Profit Amid Q1 Revenue Decline

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

The parent to Uniqlo turned an operating profit in the first quarter despite reporting revenue declines, as the coronavirus pandemic unevenly affected business worldwide. In a Nutshell: Even with Covid-19 still flaring, Fast Retailing said its “medium-term vision is to become the world’s number one apparel retailer.” To do that, the Japanese apparel giant said…

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