Thursday, February 6, 2020

Uniqlo shuts around half of its China stores due to coronavirus

TOKYO: Japan’s Fast Retailing, which operates casual clothing chain Uniqlo, said it has temporarily closed around 370 of its 750 stores in China due to the coronavirus outbreak.

China has been a key growth market for the company, which faces a saturated market and weak consumer spending in Japan.

In mainland China, the number of deaths from the virus outbreak stood at 636, more than doubling in just under a week, with infections at 31,161. -Reuters



source https://www.thesundaily.my/business/uniqlo-shuts-around-half-of-its-china-stores-due-to-coronavirus-XF1979671

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