Uniqlo parent predicts record profits

04/12/2012 | Bloomberg

Shares of Japan's Fast Retailing soared Thursday after the company, which operates Uniqlo stores, raised its annual profit forecast and detailed growth plans. The fast-fashion retailer will diversify further beyond its home market with plans to open about 300 new stores each year and have about 2,000 stores in China and other Asian countries within a decade.

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