Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic
By Ritsuko Ando and Sophie Yu TOKYO/BEIJING (Reuters) - The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection. While no major fashion firms have been spared, Japan's Fast Retailing , owner of the Uniqlo brand and not far behind the world's No. 2 H&M in sales, looks well placed to cope with the crisis better than rivals.
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