Uniqlo Japan same-store sales down in April
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Uniqlo Japan same-store sales, including online, plunged 56.5 percent in April as the Covid-19 crisis led to restricted store opening times.
According to data released by parent Fast Retailing, total sales, including those of new stores, decreased by 57.7 percent.
The company said customer visits to stores “dropped sharply”. Sales were “adversely impacted by the temporary closure or reduction in operating hours at more of our stores, and consumers deciding to stay at home to combat Covid-19,” the company said.
During the month of April, 311 stores were temporarily closed due to the advent of the coronavirus, and 299 operated on reduced trading hours.
Fast Retailing said the monthly data was calculated without excluding stores that were either open for fewer hours or closed temporarily from the total number of same stores or own stores.
While Uniqlo Japan same-store sales data has been released, the company has not as yet shared data on its international operations.
Questions & Answers
Q.What was the overall impact on Uniqlo Japan's total sales, including new stores, during April?
What was the overall impact on Uniqlo Japan's total sales, including new stores, during April?
Total sales for Uniqlo Japan, encompassing both existing and new stores, decreased by 57.7 percent in April. This figure reflects the widespread disruption caused by the Covid-19 crisis during the month.
Q.What specific factors did Fast Retailing attribute to the significant drop in Uniqlo Japan's sales?
What specific factors did Fast Retailing attribute to the significant drop in Uniqlo Japan's sales?
Fast Retailing stated that sales were negatively affected by temporary store closures or reduced operating hours. Also, consumers choosing to remain at home to combat Covid-19 significantly impacted customer visits.
Q.How many Uniqlo Japan stores were affected by closures or reduced hours in April?
How many Uniqlo Japan stores were affected by closures or reduced hours in April?
In April, 311 Uniqlo Japan stores were temporarily closed due to the coronavirus pandemic. A further 299 stores operated with reduced trading hours during the same period, impacting overall sales.
Q.Has Fast Retailing released data for Uniqlo's international operations for the same period?
Has Fast Retailing released data for Uniqlo's international operations for the same period?
No, the company has not yet shared sales data regarding its international operations. The provided figures pertain specifically to Uniqlo Japan's performance during April.