Japan'S Fast Selling Group Lost 4.1% Of Its Profits.

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< p > > a href= "http://sjfzxm.com/news/index_cj.as" > Asia < /a > clothing retailer fast marketing group (Fast Retailing) recently disclosed that the first 9 months of the fiscal year (August 2013 ~2014 May), the group's operating profit and revenue grew, but its net profit was 84 billion 800 million yen (about 831 million US dollars), down 4.1% compared with the same period last year.

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< p > < < a href= > http://sjfzxm.com/news/index_cj.as > > high-end > /a > denim brand J Brand. The US business is weak and continues to suffer losses. XXX group has lowered its annual target for the second time as at the end of August 2014 in the current fiscal year. Now the net profit is expected to be 78 billion yen.

When the group released its interim results in April, it lowered its annual performance expectations for the first time. At that time, net profit was forecast to decrease from 92 billion yen to 88 billion yen, far below the market forecast of 94 billion 500 million yen, and business profit expectations were also sharply reduced to 145 billion 500 million yen, after a target of 156 billion yen in line with analysts' expectations.

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< p > > the reason why the a href= "http://sjfzxm.com/news/index_cj.as" > group > /a > lowered the profit target was that the low price leisure brand GU and the high-end Cowboy brand J Brand failed to reach the third quarter results in the financial year; the French underwear brand Princesse tam.tam unexpectedly appeared net profit shrink in the first 9 months.

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