Alessandro Dudech said Generation Z shoppers want clothes that they can wear both ‘at the office or on a night out’.’
The Japanese operator of global clothing heavyweight Uniqlo is expected to post a stronger quarterly profit on Thursday as its overseas units make up for slowing growth at home. The increase builds the first quarter, when Fast Retailing posted a 25% jump in earnings on the back of strong results in China, its biggest foreign market. The company conservatively left its forward guidance unchanged after those results, so second-quarter results may top consensus figures, according to LightStream Research analyst Oshadhi Kumarasiri.
Japan's Nikkei share average climbed more than 1% on Monday as investors scooped up beaten-down stocks on the dip, with risk sentiment running high after markets caught the tailwind from a bounce on Wall Street. The Nikkei was up 1.4% at 39,517.81 by the midday break, while the broader Topix rose 1.2% to 2,735.20. The Nikkei hit an all-time high of 41,087.75 on March 22, although the index has struggled to keep above 40,000 points, posting two consecutive weekly losses.