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Uniqlo Scraps Price Hike on $2 Socks After Shopper Outcry
- Uniqlo canceled a planned ¥100 price increase for popular socks in Japan after shoppers criticized the change on social media.
- The socks will remain ¥290 per pair, with four pairs priced at ¥990.
- A Fast Retailing spokesperson said the company reconsidered because socks are an essential everyday item.
- Uniqlo still plans to raise prices on selected jackets and pants from November because of rising costs and a weak yen.
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19 Articles
19 Articles
Uniqlo cancelled this week the price announced in Japan of its socks, one of its emblematic articles, in front of the strong reactions of a country affected by persistent inflation, transmits AFP. The company owned by the Japanese giant Fast Retailing revised its decision less than two weeks after it initially announced that it would increase the price of a...
·Romania
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On the 27th, casual clothing retailer Uniqlo announced it would reverse its planned price increase for its "50-Color Socks" and also cancel the discontinuation of its "Bulk Socks" sale. The reason given was that "socks are a symbolic product of everyday necessities…"
·Tokyo, Japan
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Total News Sources19
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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