News Snapshot:
Fast Retailing, which owns Japanese brand Uniqlo, will seek to boost online sales after they helped it report a better-than-expected first-half profit. The Tokyo-based company, one of the world’s largest fashion retailers, reported a 5.4 per cent rise in its net profit to 105.8 billion yen (US$966.2 million) for the six months to February 28. Its revenue edged up 0.5 per cent to 1.2 trillion yen. “Online sales continued to be strong in all markets,” the company said on Thursday. “The group will enhance e-commerce sales by strengthening initiatives to provide services that fuse online and physical stores to create...
