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The future of electronic payments
The way we pay and with what has and will continue to change. “Retailers may soon find themselves trying to figure out the most efficient way to convert such things as Facebook credits into cash and back again,” according to Eddie Myers, president of the Electronic Transactions Association.
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Fast Retailing profit surges, raises full-year guidance
Tokyo -- Japan’s Fast Retailing Co., parent of Uniqlo, reported Thursday that its net profit for the Sept.-Feb. period surged 38.7% to $705 million as an usually cold weather bolstered sales at Japan stores. Same-store sales in the period rose 2.3%.
The company lifted its full-year profit forecast to $1.7 billion from a previously announced $1.6 billion for the fiscal year ending in August, surpassing analysts’ projections.