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Uniqlo parent warns US tariffs to impact ops, plans price hike
short by Shristi Acharya / on Friday, 11 July, 2025
Takeshi Okazaki, CFO of Uniqlo's parent company, Fast Retailing, said that higher US tariffs would start impacting its US operation "significantly" from later this year. He further added that the firm plans to raise prices to soften the blow. Its operating profit in the three months to May 31 rose 1.4% to ¥146.7 billion, below the forecasted ¥153.8 billion.
read more at NewsBytes