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Uniqlo parent says profit slipped as Japan, China drag growth

Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, said first-quarter profit slid 2 per cent, reflecting weakness at home and continuing Covid-19 restrictions in China. A day after announcing plans for big wage rises, the company said operating profit had been US$889.82 million in the three months to the end of November. Domestic results were hit by warmer weather in November that stifled sales of fall and winter wear, while Covid curbs continued to weigh on China, including the te
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