It was the same old story for Uniqlo, the largest chain operated by retail giant Fast Retailing, in January as the company said on Tuesday that its sales in Japan were dented by the wrong kind of weather.
Realty business DLF has invested Rs 100 crore ($15 million) in revamping its 'DLF Avenue' mall in Saket, Delhi, and will officially re-open the mall in March with 95 new brands following a soft opening on Monday.
Circumstances conspired against Fast Retailing in Q1 with the firm having faced several obstacles in the Asia market. And its Uniqlo chain was also at the mercy of the weather last month as high temperatures hit sales.
Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc’s haul last quarter from online store sales.