Fast Retailing’s Uniqlo interrupted a fairly strong record of rising Japanese same-store sales during May as the company recorded a 0.6% drop year-on-year. That said, total sales did manage to increase by 3.6%.
Fast Retailing released H1 results on Thursday, plus its Japanese Uniqlo performance for March. Both reports showed the business is doing well in general, even if the H1 figures showed some smaller brands struggling.
China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of forced labour in Xinjiang.