Fast-fashion label Uniqlo, owned by Japan-based Fast Retailing, closes the month of August 2018 on a high with an 8.8 percent surge in sales at its physical stores when compared to the same month of the year 2017.
Additionally, what was even more pleasing for Uniqlo was its overall growth of 9.1 percent, including online sales.
The fashion company has stated that “constant hot weather fuelled strong sales across summer ranges”. However, it also mentioned that around 80 stores were closed in the interim due to damage caused by the torrential rains in July.
The positive results have come at a time when the fashion brand is expanding its physical presence across the globe. Its maiden Swedish store was opened in Stockholm in August. Also, the brand is increasing its presence in the Canadian market.
Uniqlo is also planning to make debut in (Ho Chi Minh City) Vietnam in fall 2019 in a 75:25 joint venture with Mitsubishi Corporation.
The year 2019 will also witness the brand’s launch in India and Denmark. A store in Bali (Indonesia) is also on cards. Uniqlo presently operates over 1,300 stores in 15 countries.
