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Uniqlo's July Same-Store Sales Up 4% On Stay-At-Home Demand

The 4% rise in domestic same-store sales, including online purchases, followed a 26% jump in June, which came after a three-month slump when the coronavirus outbreak kept shoppers at home and tourists away.

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Casual fashion brand Uniqlo's Japanese same-store sales rose 4% year on year in July as consumers stocked up on comfortable "stay at home" clothes amid the novel coronavirus pandemic, its owner, Fast Retailing Co Ltd, said on Tuesday.

The 4% rise in domestic same-store sales, including online purchases, followed a 26% jump in June, which came after a three-month slump when the coronavirus outbreak kept shoppers at home and tourists away.

"Stay at home demand" lifted July sales, with items such as stretchy jogging pants and oversized T-shirts proving popular, the company said.

Analysts have said Uniqlo's focus on practical, everyday clothes rather than more on-trend fashion may help it weather the coronavirus downturn better than global peers.

(Reuters)


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uniqlo Casual fashion brand Covid 19