Prolonged summer takes heat out of Uniqlo sales
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Uniqlo parent, Japanese giant Fast Retailing, says its total sales dropped 8.1 per cent in November.
“Same-store sales dipped year on year in November after unusually hot weather in mid-month stifled sales of winter clothing necessities,” the company said in a brief trading statement which gave only percentages and not total sales data.
The number of Uniqlo stores operating outside Japan exceeded the number of domestic stores last month – by 864 to 844.
In November, same-store sales decreased by 8.9 per cent year on year while sales at its own-run stores (excluding franchises) decreased by 9.9 per cent. Total sales, including online, thus fell by 8.1 per cent.
Questions & Answers
Q.What was the main reason cited by Fast Retailing for the drop in Uniqlo sales in November?
What was the main reason cited by Fast Retailing for the drop in Uniqlo sales in November?
Fast Retailing attributed the decline in November sales to unusually hot weather experienced mid-month. This warm spell reportedly stifled demand for winter clothing necessities, impacting overall sales figures for the period.
Q.Did Uniqlo's performance vary between its directly operated stores and its same-store sales figures?
Did Uniqlo's performance vary between its directly operated stores and its same-store sales figures?
Yes, there was a slight variation in performance. Same-store sales decreased by 8.9 per cent year on year, while sales at its own-run stores, which exclude franchises, saw a slightly larger decrease of 9.9 per cent in November.
Q.Has the number of international Uniqlo stores now surpassed its domestic store count?
Has the number of international Uniqlo stores now surpassed its domestic store count?
Yes, last month the number of Uniqlo stores operating outside Japan exceeded its domestic store count. There are now 864 international stores compared to 844 stores located within Japan.
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