Uniqlo owner to raise prices on fleece products due to weak yen
The owner of Japanese clothing brand Uniqlo
Prices on fleece goods and down jackets in the fall/winter product lines will go up by 1,000 yen ($7.54), a spokesperson confirmed, after an earlier report by the Jiji news service. The company is also increasing the use of recycled polyester in its fleece products to keep costs down.
Consumer prices are surging in Japan after decades of deflation, driven by the yen’s drop to a 20-year low against the dollar and soaring energy costs.
Founder Tadashi Yanai