Fast Retailing Co Ltd (TYO:9983) makes hay while the spring sun shines – 8648

Northern, WI 04/06/2013 (usastockreport) – The largest apparel-maker in Asia, Fast Retailing Co Ltd (TYO:9983) (Current: 34,900.00 JPY, Down by 2.10%) got its highest boost in monthly sales in three years in Tokyo trading. The retailer said that an extra Sunday and the warm weather helped in making sales look brighter. The company is the manufacturer of the Uniqlo casual clothes brand and sales at its stores that have been open for close to one year rose by 23 percent from the same period last year. Taking both the calendar effect an the demand for spring clothing into account, these results are impressive ones said a BANK OF AMERICA CORPORATION (TYO:8648) (Current: 1178.00 JPY, Up by 5.56%) analyst Hidehiko Aoki who maintained buy rating on the shares.

The impressive company…
Fast Retailing Co Ltd (TYO:9983) is a Japan-based company that is largely involved I the clothing business. The company operates in three different business segments. The first is the Uniqlo brand that manufactures casual clothing for men, women and children. It also has a global segment that plans, manufactures and sells clothing under various international brand names such as Helmut Lang, PLST and Theory and Princesse tam tam among others. The third segment deals in real estate leasing. In 2012 December the company acquired stake worth 80.1% in the U.S-based J.Brand Holdings LLC

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