Uniqlo proprietor posts 23% bounce in half-yearly revenue, raises annual revenue estimate By Reuters

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© Reuters. FILE PHOTO: Ladies stroll previous a retailer of the Quick Retailing’s vogue chain Uniqlo, in Beijing

TOKYO (Reuters) – Japan’s Quick Retailing, the proprietor of clothes model Uniqlo, reported on Thursday a 23% bounce in half-yearly working revenue and raised its full-year revenue estimate.

Quick Retailing mentioned working revenue was 168 billion yen ($1.53 billion) within the six months via February towards 136.7 billion yen a yr earlier.

The corporate raised its full-year working revenue forecast to 255 billion yen from 245 billion yen. The common estimate in a Refinitiv ballot of 15 analysts was 262.9 billion yen.

Quick Retailing has been among the many most resilient retailers through the coronavirus pandemic, as Uniqlo’s concentrate on China and Japan helped it escape the worst of the retail downturn that hit america and Europe.

Uniqlo briskly offered masks and noticed robust demand for its stay-at-home jogging pants and different comfy attire.

($1 = 109.6500 yen)

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