Uniqlo shuts around half of its China stores due to coronavirus [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
Uniqlo shuts around half of its China stores due to coronavirus TOKYO, Feb 7 (Reuters) - 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. (Reporting by Ritsuko Ando; Editing by Muralikumar Anantharaman)
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