Uniqlo's Fast Retailing Co. Reduces Profit Predictions by $800 Million USD

The world's fourth-largest clothing retailer Fast Retailing, owners of Uniqlo, has announced it will be lower its full-year profit predictions by 10 billion yen. The cut of $89,820,000 USD follows a winter period seeing heavy reductions and losses from its weaker overseas brands. Despite producing better figures than expected in the second quarter of 2018 with profits of 68 billion yen ($610 million USD), Fast Retailing has reduced its full-year through to August operating profit predictions fro...