business

Uniqlo shuts around half of its China stores due to coronavirus

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Japan's Fast Retailing, which operates casual clothing chain Uniqlo, said it has temporarily closed around 370 of its 750 stores in China due to the coronavirus outbreak.

China has been a key growth market for the company, which faces a saturated market and weak consumer spending in Japan.

In mainland China, the number of deaths from the virus outbreak stood at 636, more than doubling in just under a week, with infections at 31,161.

© (c) Copyright Thomson Reuters 2020.

©2020 GPlusMedia Inc.

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They have a strong presence in Korea that will make up the loss of sales in China.

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