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Uniqlo (유니클로) generated more than 2 billion won ($1.7 million) in one day's sales on 11 November 2011 when it opened Asia's largest flagship store in central Seoul. The sales figure was the highest ever set by a fashion outlet in Korea.
International consumer brands such as Uniqlo and Zara have experienced a dramatic drop in sales on Chinese e-commerce platforms as the country's strict lockdowns stunted consumer spending in April ...
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo's sales in the country, the company said on Friday, highlighting the widening economic hit from a ...
China is one of the biggest markets for Uniqlo, where the brand aims to expand its business. Greater China, including Taiwan and Hong Kong, accounts for more than 20 per cent of the company's revenue.
Uniqlo sales dropped by 40% and the company announced it will close down its Jongno 3-ga store in central Seoul. [4] Similarly, credit card spending from South Koreans in Japan have also declined. JTB Corporation reported that the number of Koreans visiting Japan declined by about 10%. [ 3 ]
It is fully owned by the company Fast Retailing, which is better known as the owner of the retail chain Uniqlo. The name is a pun of the word jiyū (自由), meaning "liberty, freedom" (from high cost clothing). Its signature product is a pair of jeans, which costs 990 yen. As of November 2023 there are 472 locations. [2]
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