Tadashi Yanai is frequently credited in Japanese business circles as a trendsetter. Fast Retailing’s stock increased 1.4% on Wednesday in Tokyo trading. Salary raises were given to the company’s hourly workers in September of last year. The owner of Japanese clothing retailer Uniqlo claims to be increasing employee pay home by up to 40%. Beginning … Read more
Tokyo stocks ended decrease on Thursday, tracking Wall Street falls on worries over US monetary tightening. The benchmark Nikkei 225 index fell 1.77 percent, or 464.92 factors, to stop at 25,748.72, whilst the wider Topix index gave up 1.19 percent, or 21.97 points, to 1,829.18. The dollar fetched 129.64 yen, against 130.00 yen in New York on … Read more
TOKYO: Uniqlo operator Fast Retailing posted a record first-quarter profit on Thursday and kept its yearly forecast unchanged, even as business in the key market of mainland China was hit by virus restrictions. The Japanese casualwear behemoth said better-than-expected sales and profit in the three months to December could largely be explained by the “growing … Read more
