UNIQLO Myeongdong Jungang Store will be closed next January … The operator halves sales



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UNIQLO Myeongdong Jungang Branch
UNIQLO Myeongdong Jungang Branch

UNIQLO’s Seoul Myeongdong Jungang store opened in November 2011 when people were waiting for the opening.

(Seoul = Yonhap News) Reporter Hwang Hee-kyung = UNIQLO will close the Myeongdong Central Store in Seoul on January 31 next year.

UNIQLO recently announced that the Myeongdong central store will be open until January 31 through the store information page on its website.

Myeongdong Jungang Store, which opened in November 2011 near Myeongdong Station, is Uniqlo’s global flagship store.

With an area of ​​3,966 square meters (approximately 1,200 pyeong), it attracted attention as the second largest flagship store in the world after the 5th Avenue store in New York at the time of its opening. On the day of the opening, sales totaled 2 billion won.

However, it appears that the recent coronavirus infection (Corona 19) has hit the Myeong-dong business district, hit hard.

Earlier, on the 30th of last month, Swedish fashion brand H&M also closed its Noon Square store in Myeong-dong, the first nationwide store.

Meanwhile, the national operator of UNIQLO FRL Korea reported an operating loss of 88.3 billion won from September last year to August this year.

According to the FRL Korea audit report on the 5th, FRL Korea’s sales during this period amounted to 629.7 billion won, down 55% from 1.37 trillion won in the same period last year ( from September 2018 to August 2019).

These findings are interpreted as the fact that the consequences of the Japanese boycott, which began in the summer of last year, were seriously reflected and the effects of Corona 19 overlapped.

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