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Fast Retailing retreats as investors lock in profits despite strong April Uniqlo sales

Fri May 8, 2026 9:58 am JST Catalyst

Fast Retailing Co., Ltd. <9983> shares retreated on May 8, as investors locked in profits following the stock's recent surge to a year-to-date high. The decline came despite the company reporting strong April domestic UNIQLO sales after the market close on May 7, with comparable sales?including e-commerce?rising 10.2% year-on-year for a fourth consecutive month of growth.

The sales growth was driven by robust demand for season-neutral items and a strong start for new summer products. Key metrics remained healthy, with customer traffic up 6.9% and average spending per customer increasing 3.1% year-on-year. While the underlying business momentum remains firm, the market appeared to view the positive data as already priced in following the previous day's significant rally.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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