Uniqlo on track to overtake H&M, eyes Zara for global No. 1

Uniqlo owner Fast Retailing Co.’s annual revenue climbed 17% to a record ¥3.96 trillion ($25 billion), putting it solidly on a path to pull ahead of H&M as the world’s No. 2 apparel retailer and challenge Zara for the top spot.The sales milestone underscores Fast Retailing’s ascent among global high-street fashion retailers, with sales set to surpass Hennes & Mauritz, which is projected by analysts to post sales of 222.7 billion kronor ($22.3 billion) for…