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Fast Retailing set to open first GU brand store in US

  Bloomberg Fast Retailing Co will open its first GU store in the US, adding to its Uniqlo shops in the country as the apparel maker seeks a greater presence in the North American market. Opening this fall in Soho, New York, the pop-up store will be GU’s first outside Asia, where there are already 450 outlets selling more stylish ...

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SAS reports 32% drop in July traffic

  Bloomberg SAS AB reported a 32% plunge in passenger traffic last month, revealing the impact a strike had on troubled Scandinavian airline and its customers. The total number of passengers fell to 1.3 million in July from 1.9 million a month earlier, the Stockholm-based carrier said in a statement. Capacity falls 23% in July as the 15-day strike among ...

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Taiwan vows not to bow to pressure after China drills

Bloomberg Taiwan reiterated it won’t succumb to pressure from China after days of military drills in the air and seas surrounding the island, with hostilities set to continue even as world leaders urge an end to the strife. The People’s Liberation Army said it conducted exercises around Taiwan on Sunday, with drills focused on testing the capabilities of joint firepower ...

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