Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit

The Japanese owner of clothing brand Uniqlo reported quarterly profit rising 29.4% and raised its full-year forecast. The results came just before the Middle East crisis began to disrupt global markets and supply chains, implying strong near-term performance but elevated geopolitical risk to logistics and distribution.

Analysis

The Japanese owner of clothing brand Uniqlo reported quarterly profit rising 29.4% and raised its full-year forecast. The results came just before the Middle East crisis began to disrupt global markets and supply chains, implying strong near-term performance but elevated geopolitical risk to logistics and distribution.