The Business Times

Uniqlo shuts around half of its China stores due to coronavirus

Published Fri, Feb 7, 2020 · 07:43 AM

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here