13-Apr-18, Nikkei Asian Review
Earnings growth in the Japanese retail sector is accelerating once again as companies expand beyond their traditional turf by boosting their presence abroad and in cyberspace.
Fourteen of the 20 top publicly traded retailers by market capitalization foresee record net profits in fiscal 2018.
%20Nikkie%20Asian%20Reveiw_Wataru%20Ito.jpg "Japans retailers boosted by e commerce and overseas expansion (c) Nikkie Asian Reveiw Wataru Ito")
Image: Nikkei Asian Review / Wataru Ito
Combined net profit increased 25% on the year at 58 retailers for the year ended Feb-18.
Fast Retailing, the company behind the Uniqlo and GU clothing chains, has fared well abroad of late. Business profit in Uniqlo's international operations soared 62% on the year to JPY81 bn (USD753 mn) for the half ended Feb-18. This came close to the JPY89 bn Uniqlo posted for Japan, itself up 28% on the year.