Fast Retailing cuts outlook on pandemic woes despite Uniqlo June rebound

first_imgUniqlo’s domestic same-store sales, including online purchases, rose 26 percent in June from a year earlier, after falling 57 percent in April and 18 percent in May.Okazaki said items such as stretchy jogging pants and oversized t-shirts proved popular in the past quarter in Japan.Analysts have said Uniqlo’s focus on practical, everyday wear rather than more trendy styles may work to its advantage as more consumers are spending time at home.Fast Retailing also depends heavily on Asian economies, especially China, where Uniqlo’s mix of affordable basics and occasionally trendy items proved a massive hit among the burgeoning middle class.Its struggle to gain market share in the United States, previously considered a major weakness, has spared it from a bigger hit from the virus outbreak.Of Uniqlo’s 2,260 stores globally, just 51 are in the United States, which has reported the highest number of coronavirus infections in the world.Okazaki said the company was not retreating from the US market, although it would step up its “scrap and build” strategy of concentrating on profitable locations and shutting down low-performing stores.He declined to comment when asked whether it would consider buying Brooks Brothers, which on Wednesday joined a list of US brands that have filed for bankruptcy.Topics : It forecast operating profit of 130 billion yen (US$1.21 billion) for the year through August, down 50 percent from a year earlier rather than a previously expected 44 percent, following a surprise loss of 4 billion yen in the March-May quarter.It also forecast annual sales to fall 13 percent to 1.99 billion yen, ending 16 straight years of growth.“We have seen a large decline in both revenue and profit across the business,” CFO Takeshi Okazaki told reporters.The company said markets such as South Korea, the United States and several others including Indonesia had been particularly hard-hit, while adding that its two key markets, Japan and China, were recovering faster than expected. Japan’s Fast Retailing Co, owner of casual clothing brand Uniqlo, lowered its outlook for the year as the coronavirus pandemic wreaked havoc on its global fashion business.But it also reported a strong rebound in Uniqlo’s domestic same-store sales for June and said business in China was recovering faster than previously expected, suggesting it may weather the crisis better than many global peers.Store closures and weak consumer spending around the world has brought a halt to years of growth at the company, now Asia’s biggest fashion retailer and the world’s No. 3 after Zara-owner Inditex and H&M.last_img read more

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Wenger expects top-four finish

first_img Press Association Chelsea tackle Premier League leaders Manchester United in their FA Cup quarter-final replay on Monday as part of a hectic fixture schedule in which they also will hope to progress in the Europa League. Wenger feels having so many key games in quick succession could work either way – but will not get overly concerned with how anyone else is set to perform. “It can be very positive if you are on a good run, and very negative if you are in bad form,” he said. “But let’s just take care of the way we play, take care of our spirit and give it our all.” Ivory Coast forward Gervinho certainly did that against the Royals, firing the home side into an early lead in what was one of his best recent displays. The 25-year-old has polarised opinion among Gunners fans since his £11million move from Lille in July 2011, with a string of inconsistent displays. Wenger feels all of his current squad have what it takes to help the club move forwards, although he will look to strengthen the group in the summer. “Gervinho did not play for his future [against Reading], he was just playing for his club, that is what every player does,” said Wenger. “We are a group of players who want to go for it, and to go for it together. Sometimes Gervinho plays, sometimes [Theo] Walcott, sometimes [Lukas] Podolski, but we can only do it if we all have the same target and do it together.” The Gunners chalked up a sixth win in the last eight Barclays Premier League games when they saw off relegation battlers Reading 4-1 at the Emirates Stadium in what was Nigel Adkins’ first match in charge of the visitors. With Chelsea losing at Southampton, the Gunners are now just two points behind the Blues, and four off third-placed Tottenham – on whom they hold a game in hand, and Wenger said: “We have the experience, we have done it before and is what we want to do again. I am sure we will, but it demands a lot of dedication and nerves until the end.” center_img Arsenal manager Arsene Wenger has challenged his side to hold their nerve as they look to chase down Chelsea and Tottenham in the race for Champions League qualification.last_img read more

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Redknapp: Rio leads by example

first_imgRio Ferdinand does not need the captain’s armband to spearhead QPR’s Barclays Premier League survival fight, according to Harry Redknapp. Hull boss Steve Bruce is determined not to set the bar too high for his side this season but is targeting an improvement on last term’s 16th-place finish and a run to the FA Cup final and Europe. He said: “We’ve done fantastically well over the last couple of years. We’ve never been here (in the Premier League) for two years so that is the challenge. “In my experience the second season is always the most difficult because the expectation has risen a bit. “We’ve brought in four or five players to strengthen the squad. The man thing is for the club to stay in the Premier League and that’s what we’ve got to do. “Everybody expects us to be better than we were last year and if we can manage it that would great.” Bruce expects a tough opener at Loftus Road against Redknapp’s men who will be aiming to copy the Tigers’ own survival masterplan in their first season back in the top flight. And despite predictions the London outfit could struggle, the Hull boss is particularly wary of the threat posed by striker Loic Remy, provided the Rs are able to keep hold of him in the remainder of the transfer window. “Harry has managed to hang onto Loic Remy which I believe is key for them,” added Bruce. “He’s a very good striker and no disrespect to QPR, but he is arguably the best player in the bottom half of the division with the talents he’s got.” Clint Hill remains Rangers’ official club skipper, but Ferdinand is favourite to lead the side on the field in the former Crystal Palace defender’s absence. The pairing of Ferdinand and Steven Caulker in QPR’s new-look back three could limit Hill’s starting chances this term. Redknapp said he will review the on-field captaincy on a weekly basis any time Hill does not secure a starting berth. Press Association “I haven’t really looked at a vice-captain, I’m not one that gets that bothered about it,” said Redknapp ahead of Saturday’s league opener against Hull. “Making Rio captain, would it make him any different? Not really. He would talk and boss people just the same. “I haven’t spoken to anyone, I haven’t spoken to Clint, but we’ll probably take it as it comes each week, depending on who’s in the team. “It can change. Rio’s had a fantastic impact, he’s just class around the place. “He just oozes class, he’s a top player and you can’t replace that. He’s been there and done it all, he’s won everything there is to win, so we’re just delighted to have him here. “He’ll definitely be a big influence on Steven (Caulker), I think he’ll be a big influence on all the players. “They look at how he trains, how he works: every day he comes in, works hard, lives his life right, he’s always at the front of what we’re doing in training and he’s in great condition. “He’s a model professional.” last_img read more

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JT Daniels named starting quarterback for Fresno State game

first_imgSophomore quarterback JT Daniels looks to throw in last season’s finale against Notre Dame. (Tal Volk/Daily Trojan) “We were very surprised with Kedon coming out of the spring, very impressed,” Helton said. “We went through this camp and another 15 practices to see if it wasn’t just spring. He did it again.” Fink returns for his fourth season at USC after nearly leaving the program. He entered the transfer portal in April after it was reported that he was discouraged with his starting prospects following a meeting with Helton.  After a 2018 season in which Daniels led the Trojans to a paltry 5-7 record, Helton made it clear that the starting job was not simply handed to the young quarterback.  Daniels’ first year behind center was inconsistent but showcased his raw talent. As a freshman, he threw for 2,672 yards and 14 touchdowns in 11 games while offering occasional flashes of brilliance.  Daniels returns to the starting job as one of USC’s most scrutinized players. After being named the 2017 Gatorade National Player of the Year as a junior at perennial power Mater Dei High School in Santa Ana, Daniels left high school a year early and was named the Trojans’ starting signal-caller a week before the team’s 2018 season opener.  This year, the sophomore got the nod from Helton marginally earlier, just two weeks before USC’s first game. According to Helton and offensive coordinator Graham Harrell, Daniels put forth the most consistent performance throughout fall camp.  Sears is returning for his third year as a Trojan. He started one game last season after Daniels and Fink were sidelined with a concussion and broken ribs, respectively.  “We came into the process and said it’s not going to be about age or who’s been on the field,” Helton said. “It’s going to be about how people play and how people compete on a day-to-day basis and execute the offense and how they do it consistently. JT did that.” Sophomore quarterback JT Daniels will be USC football’s starting quarterback Saturday against Fresno State, head coach Clay Helton announced Aug. 20. The decision, long awaited but not unexpected, came after months of competition. After facing many critics as the battle for the starting job carried on for weeks, reporters asked Daniels whether or not he felt he finally had an opportunity to prove his detractors wrong. “Having Kedon in there everyday, having Fink play great [and] having Sears play great definitely pushes you to make sure you’re on yourself,” Daniels said. “I’ve made a big emphasis on pocket movement and just pocket mobility in general,” Daniels said. “I’d definitely say that was a big focus. Just moving through progressions faster [and] a big emphasis on taking no sacks.” Slovis was an unheralded three-star recruit out of Desert Mountain High School in Scottsdale, Ariz. The freshman enrolled early at USC last semester to participate in spring practices. Since arriving, Slovis’s ability to make tough throws has made a lasting impression on the coaching staff.  “Kedon’s a special talent. Talent-wise, he’s as good as I’ve ever seen,” Harrell said. “Kedon can make some throws that other people can’t make.” USC’s quarterback competition began in the spring and extended over 30 practices. The coaching staff remained committed to a democratic process throughout fall camp. All four quarterbacks received an equal amount of reps at practice and split time between the first- and second-team offenses.  Fink’s father told the Los Angeles Times in May that his son would be transferring to the University of Illinois. Fink quickly shut down his father’s claim and announced in June that he would remain with the Trojans.  Daniels is a prototypical pocket passer with the ability to put touch on the ball and fit it into tight windows. Still, the young quarterback is not resting on his laurels.  Over the course of seven games played in relief of either Sam Darnold or Daniels, Fink completed 72% of his passes and rushed for 106 yards. The veteran is accurate on short to intermediate routes and possesses underrated athleticism. Sears performed admirably in the only start of his career, completing 20 of 28 passes for 235 yards and two touchdowns in a narrow loss to Arizona State.  According to Daniels, the competition brought out the best in himself and the rest of the team. While many fans speculated that Daniels would ultimately earn the starting job, the announcement of freshman Kedon Slovis as his backup was unexpected.  Redshirt junior Matt Fink and redshirt sophomore Jack Sears round out the rest of the depth chart behind Slovis at three and four.  “I’m not excited to go out there to prove them wrong,” Daniels said. “I’m just excited to play football.” Daniels and the Trojans will get the opportunity to do just that when they kick off against Fresno State Saturday at 7:30 p.m.last_img read more

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Sarajevo Bicycle Race Grand Prix Presented in Paris

first_imgThe project ”Sarajevo Grand Prix’ is presented as a part of yesterday’s official presentation of 101 bicycle race Tour de France, which was held in Paris. The project will be implemented by the Cycling Association in cooperation with the French Embassy and the French Institute in B&H. Sarajevo Grand Prix is the first cycling race in B&H under the support of Tour de France, announced the French Embassy in B&H.The French Ambassador in B&H, Roland Gilles, the Mayor of Sarajevo, Ivo Komšić, the Chief of Staff of East Sarajevo Municipality and the President of the Cycling Association of B&H Igor Golijanin and the director of the race SGP 2014, Zlatko Berbić presented the project in Paris.“A big challenge is in front of us. We hope that in 100 years to celebrate and be proud of this type of communication with the whole world”, stated Berbić.Mayor Komšić said that Sarajevo next month the race that will take place in June 2014 will be presented. The race should encourage the development of cycling throughout the country. The Race Sarajevo Grand Prix will be officially presented on 6th November, when the Director of Tour de France, Christian Prudhomme will visit Sarajevo.(Source: Fena)last_img read more

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26-year-old Wellington man reports of robbery assault at his home

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (8) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +4 Vote up Vote down notlla · 308 weeks ago The Public needs to know more about this .This was a very serious situation .And could have been a lot worse. We need to pay attention to what`s going on around use,, keep our doors locked and make sure you know who`s at your door before you open it. This happened so fast that — — — didn`t have time to react and get the door locked The description of these intruders need to clarified. This kind of thing should not happen in Wellington America.. Report Reply 1 reply · active 308 weeks ago +7 Vote up Vote down CueballSumnernewscow 94p · 308 weeks ago I’ll do a little more investigating tomorrow. Report Reply +3 Vote up Vote down Bull S · 308 weeks ago we need to have camera’s outside now to protect us. some drug dealer’s have them inside and out of there home’s too. I don’t understand myself why all this BS has to happen. guest so they did it. get a job low lifer’s s Report Reply 0 replies · active 308 weeks ago +3 Vote up Vote down Tara G · 308 weeks ago This is an awful thing! I am glad he is ok and I hope they catch them! Report Reply 0 replies · active 308 weeks ago 0 Vote up Vote down Lonely Resident · 308 weeks ago Man I never lock my doors hoping someone will come in and tie me up. I never get lucky. Report Reply 1 reply · active 308 weeks ago 0 Vote up Vote down Disgusted · 308 weeks ago If you can’t make an intelligent comment about this serious situation maybe you should keep your comments to yourself. This is a serious situation not something to take lightly. It’s scary to think we can’t even feel safe in our own homes. Take into consideration how this individual feels. Your comment was so uncalled for!!! Report Reply -1 Vote up Vote down مهرج ميلر · 308 weeks ago Disgusted relax as I know what I am talking about living less than 100 feet from what happened. If I am not worried about it you sure as hell should not. I honestly feel there is a lot more to this story than is being released. Same property had an explosion several years ago from meth being fabricated in garage in trunk of a car. Some people need to grow thicker skin. Report Reply 1 reply · active 308 weeks ago +2 Vote up Vote down Concerned · 308 weeks ago You will find if you knew this person they don’t live this way nor hang around that type of croud I find that hard to believe especially when it’s not the same people living there and it’s been like 6 yrs Report Reply Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report — During the early morning hours of Friday, September 12, 2014, Wellington Police officers were called to a home in the 600 Block South H regarding a reported home invasion.A 26-year-old Wellington man reported to police that several unknown subjects, possibly three, had entered his home, assaulted him, tied his hands and feet together and stole various electronic items and his wallet.          Follow us on Twitter.last_img
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Confirmed: Ajax boss Peter Bosz appointed new Borussia Dortmund head coach

first_img1 Peter Bosz has left Ajax for Borussia Dortmund Borussia Dortmund have appointed Ajax boss Peter Bosz as their new head coach.The 53-year-old, who led Ajax to the Europa League final in his sole season in charge of the Amsterdammers, has signed a two-year deal to succeed Thomas Tuchel, who left the club last week following a rift with club bosses.Dortmund said on Twitter: “Peter Bosz will be BVB’s new head coach. Contract to 2019.”Bosz, who will face the media on Tuesday afternoon, was under contract at the Amsterdam ArenA until 2019, so Dortmund have had to agree a compensation package to secure his services.Ajax confirmed on their official website that an agreement had been reached with Dortmund, with general manager Edwin van der Sar describing it as a “good deal”.The former Manchester United goalkeeper said: “I have mixed feelings about this move. When we brought Peter to Ajax last summer it was not the intention that the partnership would end after one year.“We have had a great season, especially in the Europa League. As with our players, the coach also attracts the attention of clubs from Europe’s top leagues.”Bosz guided an exciting young Ajax side to their first European final in 21 years, where they were beaten by Manchester United, but missed out on the Eredivisie title by a point to Feyenoord and ended the season without silverware.The former Holland midfielder’s only previous coaching job outside his home country was a brief stint in charge of Israeli side Maccabi Tel Aviv before he took over at Ajax.Dortmund finished third in the Bundesliga last term to qualify for the Champions League, and also won the DFB-Pokal, but Bosz will have his work cut out to challenge the dominance of Bayern Munich.last_img read more

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Alphington Grammar celebrates Anniversary

first_imgAlphington Grammar celebrated its 20th anniversary with a gala dinner on Saturday.The president of the Greek Orthodox Community of Melbourne Victoria, Bill Papastergiadis highlighted the school’s success in focusing on each individual student and on the importance of community. He also relayed the story  of how Nick Andianakos’s whose two sons are Alphington alumni, gave $300,000 towards the school’s multi-purpose hall, following a discussion in Greece last year. The chairperson of Alphington Grammar, George Fountas, highlighted the multicultural nature of the school and Jenny Mikakos MP congratulate the school on behalf of the Victorian Premier Jonh Brumby and the Minister of Education Bronwyn Pike. Facebook Twitter: @NeosKosmos Instagramlast_img

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