(Reuters) - TOKYO, July 12 - Japanese clothing retailer Fast
Retailing Co. said its quarterly net profit fell 3
percent and it cut its full-year forecast for a third time due to
losses at subsidiaries and a recent slump in same-store sales.
Fast Retailing last week unveiled a $900 million bid for
Jones Apparel Group's upscale clothing chain Barneys New
York, underscoring its determination to become a global player
and seek growth outside its mature home market.
Read more at Reuters.com Mergers News
Retailing Co. said its quarterly net profit fell 3
percent and it cut its full-year forecast for a third time due to
losses at subsidiaries and a recent slump in same-store sales.
Fast Retailing last week unveiled a $900 million bid for
Jones Apparel Group's upscale clothing chain Barneys New
York, underscoring its determination to become a global player
and seek growth outside its mature home market.
Read more at Reuters.com Mergers News
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