Uniqlo Faces Margin Squeeze From Zara, New-Store Costs: ChartBy
Fast Retailing Co. will give a glimpse into how its flagship Uniqlo brand is faring when the Japanese company reports results on Thursday. Asia’s largest apparel maker has been opening new stores in China, Southeast Asia and the U.S. to counter Japan’s shrinking population and increased competition from online sellers and rivals such as Zara-owner Inditex SA and Hennes & Mauritz AB. Fast Retailing’s earnings before interest, taxes, depreciation and amortization margin on a trailing 12-month basis fell to 8.7 percent through February, compared with Inditex’s Ebidta of 22.2 percent for the fiscal period to April and H&M’s margin of 16.8 percent through May.
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