ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

Uniqlo still paying the price for its hikes

Uniqlo's flagship store in Tokyo

TOKYO -- After raising prices two years in a row, Uniqlo hoped recent reductions on certain items would bring back some of the shoppers it had driven away. So far, not so good: The Japanese casualwear chain saw domestic customer traffic fall 8.6% on the year in March, on a same-store basis.

     Sales dropped by 0.3%, the first on-year drop in three months, parent Fast Retailing said on Monday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more