The operator of the Uniqlo casual clothing store chain said Tuesday it has revised downward its earnings forecast for the current business year due to significant declines in sales.

Fast Retailing Co. said the forecast marks the first decline in sales and profits on a year-on-year basis in 14 years.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.