H&M competitor Fast Retailing beats
Photo: Anne D'Innocenzio/AP

H&M competitor Fast Retailing beats expectations

Japanese H&M competitor Fast Retailing, owner of the Uniqlo clothing chain, reported revenue above expectations, according to the company's interim report for the first quarter.

Advertisement

According to the interim report, revenue increased by 34 percent compared with the same period the previous year. Strong sales in Europe and North America, among other countries, contributed to the increase.

The clothing company is also raising its forecasts for the full year and expects record revenue for the fifth year in a row.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All