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20201210N Uniqlo Seoul flagship

Uniqlo's Seoul flagship store, which once enjoyed nearly $2 million in sales a day, is shutting down. (Photo by Sotaro Suzuki)

SOTARO SUZUKI, Nikkei Seoul bureau chief

SEOUL -- Casualwear chain Uniqlo's flagship store in Seoul, which raked in 2 billion won ($1.8 million at current rates) in sales a day when it first opened in 2011, will close its doors at the end of next month.

The four-floor store, sitting in a prime location at an entrance to Myeong-dong, Seoul's busiest shopping area, now carries a sign reading, "Thank you for your patronage."

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