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Uniqlo Lowers Full Year Estimates as Protests in South Korea and Hong Kong Hurt Q1 Profits

The Japanese fast-fashion firm Uniqlo revised fiscal year 2020 estimates downward, following its first-quarter report indicating that profits for the three months ended Nov. 30 fell 3.5 percent. In a Nutshell: While sales on its home turf in Japan saw declines that impacted profits, results elsewhere on a global front were mixed as profits were down…

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