Should Be: UNIQLO After South Korea's "Universal Encirclement And Suppression", Even Closed 3 Stores Sales Decreased By 70%

According to Korean media, the Japanese clothing brand UNIQLO, which has been "encirclement and suppression" by South Korea, will close a Seoul store in September. This is the third store that qatu has closed in Korea since it launched the boycott of Japanese goods.

In July this year, Okazaki Ken, chief financial officer of fast retailing group of UNIQLO parent company, said it was expected that South Korea's boycott of Japanese goods would not last long. The speech was seen as "despising Korean consumers", which immediately triggered a strong protest in South Korea, forcing the two to issue an apology on the official website. But consumers did not buy it, and the union of South Korean couriers also refused to distribute it for UNIQLO.

According to Korean media, "Asian daily" 19 quoted industry news that the upcoming closure of Seoul UNIQLO Yue Xi shop. The store has issued a closed shop notice, calling it open as of September 15th. Thank you for your customers, and I hope you can always support UNIQLO.

According to the statistics of 8 credit card companies, UNIQLO's sales in Korea in July were 1 billion 780 million won (10 million 360 thousand yuan), which was 70.1% less than that of June sales (5 billion 940 million won).

Some analysts pointed out that the "boycott Japanese goods" campaign launched by the Korean people led to a decline in sales, which was the main reason for UNIQLO to close the shop. However, UNIQLO denied that the closure of Yue Xi shop had nothing to do with "boycott Japanese goods", but it had received notification from the shopping malls that it needed to be updated before boycotting Japanese goods.

Previously, UNIQLO has decided to close two shops in South Korea. The shop of 3 Street, UNIQLO bell Road, Seoul bell Road, is scheduled to cease operation in October due to the expiration of the shop lease. The nine old shop of UNIQLO will also be closed in August 31st.