July 10, 2020 8:45AM ET

Uniqlo Owner Lost $91M in Q3 But Sees June Bounce Back

Fast Retailing sees a June rebound in Greater China and Japan, but still cut its fiscal year outlook after a Q3 COVID sales and profit miss. — Fast Retailing says sales at Uniqlo stores in Japan, like this one in Ginza, have picked up in June.

CREDIT: Kyodo via AP Images

Uniqlo parent Fast Retailing Co. posted revenue and profit declines at all four business segments for the third quarter, citing the coronavirus’ impact. In a Nutshell: Temporary store closures because of the COVID-19 pandemic weighed on the retailer’s results in the third quarter ended May 31. The company also said profit fell sharply as a…

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