Uniqlo owner Fast Retailing sees impact from Vietnam lockdowns [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
Clothes of the collaborative label +J from Uniqlo's new tie-up with German designer Jil Sander, are displayed at the retailer's press room in Tokyo, Japan November 6, 2020. REUTERS/Ritsuko Ando/File Photo TOKYO, Sept 16 (Reuters) - Some clothing releases at Uniqlo stores will be delayed due to COVID-19 lockdowns at partner factories in Vietnam, Uniqlo's Japanese parent firm Fast Retailing (9983.T) said on Thursday. The delays will affect four items of the company's Uniqlo U brand which were due to be released in Japanese stores in September and October, a company spokesperson said. Most garment factories in Vietnam are full of orders now, but they are facing a shortage of workers, particularly facilities located in lockdown areas, according to an executive at a state-run garment firm in Hanoi who asked not to be identified. Our Standards: The Thomson Reuters Trust Principles.
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