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Uniqlo's July Sales Are Up 4% Amid Demand for Loungewear

Analysts predict the Japanese retailer's focus on practical, everyday clothes could help it weather the coronavirus downturn better than its global peers.

Reuters

04 August 2020

TOKYO, Japan — Casual fashion brand Uniqlo's Japanese same-store sales rose 4 percent 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 percent rise in domestic same-store sales, including online purchases, followed a 26 percent 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.

By Ritsuko Ando; editor: Robert Birsel

In This Article

Topics

Retail

Organisations

Location

Tokyo, Japan

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