Fashion Uniqlo’s July same-store sales up 4%on stay-at-home need

Fashion Uniqlo’s July same-store sales up 4%on stay-at-home need

Fashion

TOKYO, Aug 4 (Reuters) – Casual style brand name Uniqlo’s Japanese same-store sales increased 4%year on year in July as consumers stocked up on comfortable “stay at house” clothes in the middle of the novel coronavirus pandemic, its owner, Quick Selling Co Ltd, stated on Tuesday.

The 4%increase in domestic same-store sales, consisting of online purchases, followed a 26%jump in June, which came after a three-month depression when the coronavirus break out kept buyers at home and tourists away.

” Stay at home demand” raised July sales, with items such as elastic jogging pants and extra-large T-shirts proving popular, the company said.

Analysts have actually stated Uniqlo’s concentrate on practical, daily clothing rather than more on-trend fashion might assist it weather the coronavirus recession better than global peers. (Reporting by Ritsuko Ando Modifying by Robert Birsel)

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