Uniqlo shuts around half of its China stores due to coronavirus

1 Comment

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.

1 Comment
Login to comment

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

2 ( +2 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites