Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.
Casual clothing chain Uniqlo has reopened more stores in the past week and plans to resume business at more shops in coming days as governments ease coronavirus restrictions, its owner Fast Retailing said on Thursday.
As criticism mounts over some fashion retailers cancelling orders and not paying suppliers, Uniqlo owner Fast Retailing has said that it has a robust program in place to ensure suppliers get the money they’re owed.
Uniqlo has had some tough months in recent periods with the weather not playing ball. But the Fast Retailing-owned company said on Tuesday that it was in positive territory in its core Japanese stores, in February.