Uniqlo owner reports record annual earnings

The company also reported "significant increases in both revenue and profit" for international stores of casualwear giant Uniqlo. Fast Retailing -- the world's third biggest clothing manufacturer and retailer after Zara owner Inditex and Sweden's H&M -- reported a 25 percent on-year jump in net profit to 371.9 billion yen ($2.5 billion). The firm's earnings have hit new records for several years running since the Covid-19 pandemic eased as it pursues an aggressive international expansion strategy.