Uniqlo owner trims profit forecast on new COVID-19 curbs

Marco B Divaio

TOKYO, July 15 (Reuters) – Japan’s Fast Retailing (9983.T), owner of clothing brand Uniqlo, trimmed its profit outlook for the year, saying additional government restrictions in Japan and other markets to contain fresh COVID-19 infections has slowed customer traffic in stores. Last week, Japan, where the company operates some 800 […]

Polaris mall owner Washington Prime files bankruptcy

Marco B Divaio

Washington Prime Group, the Columbus-based owner of Polaris Fashion Place and 102 other shopping centers, has filed for bankruptcy.  Washington Prime filed Chapter 11 late Sunday, after struggling for more than a year with a pandemic that crushed mall revenue and traffic. “The COVID-19 pandemic has created significant challenges for many […]