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Uniqlo Watch

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Despite Uniqlo's cheerful ambitions to bring 200 stores to the US by the year 2020, the company's financial outlook is looking less than rosy. The Wall Street Journal reports that Uniqlo has lowered its sales and profit outlook for this fiscal year due in part to a sales slump in the U.S., where losses are especially bad due to the "cannibalization of sales at multiple stores in New York." Ruh-oh. [WSJ]