By
Reuters
Reuters
Published
Apr 1, 2011
Apr 1, 2011
Fast Retailing: Uniqlo store March sales fall 10.5%
By
Reuters
Reuters
Published
Apr 1, 2011
Apr 1, 2011
April 1 - Fast Retailing said existing store sales at its Uniqlo clothing chain declined 10.5 percent in March after Japan's earthquake and tsunami kept customers away and damaged stores.
Uniqlo |
One hundred and sixty stores were forced to close after the March 11 disaster with 14 still shuttered at the end of the month, the company said in a statement.
Although there were fewer people in its stores, the amount each customer spent rose 3 percent, Fast Retailing said.
Prior to the announcement, shares of Fast Retailing gained 2.7 percent to close at 10,690 yen in Tokyo.
(Reporting by Tim Kelly; Editing by Edwina Gibbs)
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