High Temperature Offset Flood Affected UNIQLO July Japan Same Store Sales Fell Slightly 0.3%

Uniqlo UNIQLO in Japan last month

The performance is completely affected by the weather.

Asia's largest

Retailer Fast Retailing Co. Ltd. (9983.T) Xun group today said Uniqlo

In the first half of the month, a total of about 80 stores were temporarily closed during the floods in western Japan, so in July, 746 stores in the country opened more than a year and recorded a 3.3% decline in the number of customers.

The national high temperature followed by floods has spurred strong sales of commodities in summer.

In July, Japan's same store sales (including e-commerce) fell by 0.3% a year, and the growth of 3.1% per unit price could almost offset the reduction in the number of customers.

The brand's local same store sales have not been able to grow for three consecutive months, with a decline of 2.7% and 4% in 5 and June respectively.

In the three quarter of 3-5,

Uniqlo's UNIQLO division recorded a 5.4% increase in its same store sales, mainly due to the high demand for summer clothing in April and April, which led to a surge in demand for summer clothing such as Airism, UT and Dry.

The quarterly revenue of the sector rose by 6.3% to 210 billion 700 million yen per year, of which 16 billion 400 million yen came from online stores, an increase of 33.1% compared to the same period last year, accounting for 7.8%. Business profits benefited from the improvement in discount rate and the decrease in SG&A expenditure ratio, which increased 31.3% to 31 billion 300 million yen over the same period last year.

In the three quarter earnings report released in mid July, Fast Retailing Co. Ltd. pointed out that due to the 6 and July sales of the fourth quarter, it is expected that the discount sales will be expanded to make the profits retrogressive and lower than the group's expectations. However, the outlook for a substantial increase in annual revenue and earnings will remain unchanged.

Fast Retailing Co. Ltd. (9983.T) on Thursday reported 47320 yen, down 1.5% from the whole world, narrowing the cumulative gains in the past 12 months to 42.1%.