Uniqlo domestic sales rebound in June after bleak quarter for owner

Published on 09 Jul 2020. | Source: thestar.com.my

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TOKYO: Japanese casual clothing chain Uniqlo on Thursday reported a solid rebound in domestic same-store sales for June, after a bleak quarter for owner Fast Retailing amid the global coronavirus pandemic.

Fast Retailing said Uniqlo's domestic same-store sales, including online purchases, rose 26% in June from a year earlier, after falling 57% fall in April and 18% in May.

The entire group, including overseas stores and other brands such as Theory, cut its annual operating profit outlook, saying it now expected a 50% fall to 130 billion yen ($1.21 billion). ($1 = 107.2300 yen) - Reuters

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