Fast Retailing’s Uniqlo brand said its Beijing Sanlitun Global Flagship will open in China’s capital on November 6. It’s only the third of its Global Flagship format on China’s mainland and its very first in Beijing.
Major global retailers agreed to extend a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal actions if their factories fail to meet labour safety standards.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.