TOKYO — Fast Retailing Co. Ltd. said Tuesday that Uniqlo’s same-store sales slid 1.1 percent in October, regaining some stability after a steep drop the month before.
“Temperatures were high until the middle of the month, but fell in the latter half, helping drive sales of winter items,” the company said in a release.
The figures are a vast improvement on September’s comps, which slid 24.7 percent. Fast Retailing blamed that drop on unusually hot weather.
Uniqlo currently operates 799 stores across in Japan after having opened 11 new locations and closed two in the month of October. The chain’s comps refer exclusively to its stores in Japan and exclude its international operations.
Uniqlo announced separately that its first store in Malaysia, which is set to be the company’s location in Southeast Asia, will open its doors on November 4 in Kuala Lumpur’s Fahrenheit 88 mall. To mark the opening of the 23,000-square-foot megastore, Uniqlo is planning to offer customers limited-time bargain prices on popular products such as graphic T-shirts, UJ jeans and fleece jackets.