Same-store sales decline 0.3% at Uniqlo | Retail News Japan
Home » News » Sustainability 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

Recommended by Apparel Resources

PVH Corp. rolls out fourth quarter results

PVH Corp., an American clothing company which owns brands like Tommy Hilfiger, Calvin Klein, IZOD, Arrow, and licenses labels such as Geoffrey Beene,...

Lands’ End releases its fourth quarter financial report

Lands’ End, an American clothing retailer based in Dodgeville, Wisconsin, specializing in casual clothing, luggage, and home furnishings, reported net loss of US...

Walmart may use drones in stores to help customers

US retail giant Walmart has been granted a patent to use drone inside its store to help customers get products they want in...

NIKE notes growth in third quarter

American sportswear giant NIKE has reported financial results for the third quarter ended February 28, 2017. Consumer demand in all geographies drove revenue...

US retail sector creates 39,400 new jobs in January

Retail industry employment in the USA increased by 39,400 jobs in January 2017 over December 2016, making up nearly a fifth of the...

PVH to acquire intimate wear e-retailer True&Co.

PVH Corp., one of the largest apparel companies in the world, has signed an agreement to acquire True&Co., a direct-to-consumer intimate apparel e-commerce retailer. This acquisition will provide PVH a...

J.Crew Group notes revenue dip in fourth quarter

J.Crew Group Inc., an omni-channel retailer of women’s, men’s and children’s apparels, shoes and accessories, has announced financial results for the fourth quarter...

Bebe Stores may shut all of its stores

Bebe Stores, a global specialty retailer which designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, is planning to...

Duluth Holdings Inc. Announces Fourth Quarter and Fiscal 2016 Financial Results

BELLEVILLE, Wis., March 21, 2017 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear,...

H&M opens first store in Kazakhstan

H&M, the Swedish multinational fast fashion retailer, has last week inaugurated its first store in Kazakhstan. A long queue lined up a night...