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Fast Retailing cuts outlook after price cuts hurt Uniqlo profit

2016-04-07 11:05:42| Apparel - Topix.net

Fast Retailing Co Ltd cut its outlook on Thursday after price cuts at its clothing chain Uniqlo hurt quarterly profit, reflecting the weight of chronic deflation that the government is combating with monetary easing and fiscal spending. The retailer built its empire during Japan's decades of deflation with affordable casual wear.

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