Tuesday 5 April 2011

UNIQLOW?

Following terrible earthquake in Japan, several stores has been damaged and thus closed.
Regarding the Fast Retailing group brand: Uniqlo, we can actually count 160 stores closed after March 11 with 14 still shuttered at the end of the month according to the company  however 146 of these stores are now back up and running!
Source: flickr.com

And what happen to the Survivors?
10.5%, that’s the number on which you should focus on as this is how much Uniqlo sales has fall.
In fact, after such a disaster, the first thing that a victim wants isn’t to do some shopping but to survive therefore the brand customers strongly decrease as well as its sales!

Here is a piece of evidence: the amount each customer spent rose 3%, Fast Retailing said.
And unfortunately for generous Uniqlo and its President Tadashi Yanai, its domestic stores total sales has fallen 10.1% and same-store sales decreased by 10.5% in March, compared to the same month last year.
What's more before this announcement, yet shares of Fast Retailing gained 2.7% in Tokyo.
Same-store sales declined year on year for March due to damage and disruptions resulting from the March 11 Tohoku-Kanto Earthquake” the company confirmed.

Source: Fast Retailing
Others retailers have also posted dramatically lower sales for this devastating month:
On a same store basis, Lingerie boutique Honeys was down nearly 28%,  Japanese United Arrows;17%, Footwear shop G-Foot 13.7% and ABC Mart 11% .

Optimistic retailers are forecasting some improvement for this current month however as said earlier they will have to wait for a moment until consumers buy something which is not part of a primary need.

On the opposite, food retailers, and many drugstores have posted strong sales on the back of the local people who tend to stockpile essentials such as food, water and medicines.
For instance, Supermarket Kusuri no Aoki was up 30% and Matsuya Foods up 12.5%.
Some regions like Tohoku, and Chiba still suffer from lack of food, electricity, water, and heat so if you have nothing else to do today, support them!

BritishRedCross



Sources: Fast retailing.com - mrketplace.com - japan consuming - fashion mag

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