Uniqlo's Parent Company Reports Record Annual Profits of $2.56 Billion USD

Japanese fashion conglomerate Fast Retailing reported record annual profits on Thursday, according to Business of Fashion. The parent company, which owns Uniqlo, GU, Theory and Helmut Lang, among several other brands, earned a 28% increase in sales to reach its second-consecutive record of ¥381.1 billion JPY ($2.56 billion USD) in the year ending in August.Notably, the company's report surpassed the consensus estimate of ¥374.6 billion JPY, which was averaged from the expectations of 12 analys...