Uniqlo, 7-Eleven Owners Seek Overseas Growth Amid Weak Consumption in Japan [Financial Post (Toronto, Ontario, Canada)]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Earnings from Japan's Fast Retailing Co. and Seven & i Holdings Co. should show how retailers are chasing growth overseas to make up for a lagging local consumer sector. 7-Eleven operator Seven & i's operating income may disappoint on weak consumer sentiment. The report will be overshadowed by the $38.7 billion takeover approach by Alimentation Couche-Tard Inc., which may spark a restructuring of Seven & i's businesses, including listing of subsidiaries or asset sales. The company is exploring the sale of part of its stake in Seven Bank Ltd., people with knowledge of the matter said. Uniqlo owner Fast Retailing will likely post steady growth in operating profit, mainly fueled by its international business. Its flagship hot-weather clothing may capture robust demand during the summer season, Bloomberg Intelligence analysts Catherine Lim and Trini T
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