What happened
Fast Retailing (Uniqlo) set a record profit, lifted by double-digit sales growth in Europe and the US, cementing its push toward the global apparel top spot.
Why it matters
The company is showing notable momentum in Western markets, making it a strong contender to reach the top of the global apparel retail industry.
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Fast Retailing's record profit comes as the company sees double-digit revenue growth in Europe and the US, reinforcing its position as a challenger to the global apparel leader. This momentum is placing it in close pursuit of the top spot.
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