Same-store sales decline 0.3% at Uniqlo | Retail News Japan
Home » News » Retailers News » Same Store Sales Decline 0 3 At Uniqlo

Same-store sales decline 0.3% at Uniqlo

Share: 
      Newsletter

READ MORE ON Fashion RetailerFast RetailingRetailer News JapanUniqlo

Uniqlo

Image Courtesy: natalieast.com

Japanese fashion retailer Uniqlo has reported that its same-store sales has plunged by around 0.3 per cent in the month of March. However, sales at its own stores surged by 0.6 per cent. Total sales including online sales rose by 2.5 per cent. In the period under review, the company opened two new stores and closed three in Japan.

Also ReadUniqlo unveils ‘Made in LA’ denim

Staying optimistic about the market, Uniqlo is capitalizing on the early arrival of warm weather and has launched its all new Spring assortments such as bottoms, knitwear and staple cut, and sew items. Further to this, the fashion brand recently made a declaration that it will soon be opening its first ever Global Flagship Store in Singapore, and in the Southeast Asia region. It is also collaborating with various international artists like Andy Warhol, Keith Haring and Jean-Michel Basquiat, to create a complete new line-up of graphic men’s T-shirts.

Also ReadFashion retailer Uniqlo to debut global flagship store in Singapore

These moves highlight the fact that Uniqlo is making changes in its strategy to walk in line with changing market scenarios. Uniqlo is a casual wear designer, manufacturer and retailer. The company has been a wholly owned subsidiary of Fast Retailing Co. Ltd. since November 2005.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

JD.com invests £ 315.5 million in Farfetch

A strategic deal has been inked between Farfetch, a global fashion e-commerce platform and JD.com, one of China's biggest e-commerce companies, to help...

Nordstrom Rack to open in Wisconsin (US)

Nordstrom, US-based leading fashion specialty retailer, has announced to open a Nordstrom Rack store at Bayshore Town Center in Glendale, Wisconsin, USA. The...

Sears Canada files for bankruptcy

Sears Canada Inc. has announced that Sears Canada and certain of its subsidiaries have applied in Ontario Superior Court of Justice (Commercial List)...

Old Navy opens maiden store in Vietnam

Fashion brand Old Navy has opened its first store in Vietnam. The store, which is located on the lower B1 floor of Vincom...

The Children’s Place to open stores across Southeast Asia

The Children’s Place, the largest pure-play children’s speciality apparel retailer in North America, is all set to unveil new stores across Southeast Asia....

Burberry’s Chairman to depart

Sir John Peace, who has been the Chairman of UK-based global luxury brand Burberry since 2002, is likely to depart from the company...

Amazon India sees rise in demand for yoga fashion merchandise

E-commerce giant Amazon has witnessed increase in demand for yoga fashion merchandise in Indian market. The retailer has seen a growth of over...

Amazon now lets you try clothes before buying!

Buying clothes online sometimes becomes painful as the pair of shirt and trousers you bought, might just not fit. And then comes even...

Dollar General names new EVP & CIO

Dollar General Corporation, an American chain of variety stores headquartered in Tennessee, has announced appointment of Carman Wenkoff as Executive Vice President and...

C&A Europe appoints new CEO

COFRA Holding has announced appointment of Alain Caparros to the position of Chief Executive Officer (CEO) for its C&A Europe retail business, effective...