Uniqlo to Raise Prices by 4% on 11 Products in Japan, Including "Kando Pants"
"Further price increases expected after December"
Japanese apparel retailer Uniqlo will raise prices in Japan by an average of about 4%, citing higher costs due to rising raw material prices and the yen's depreciation.
According to the Yomiuri Shimbun and Kyodo News on October 20, Uniqlo will raise the prices of 11 products starting November 10. The Kando Jacket, a functional garment, will rise by 1,000 yen, from 6,990 yen to 7,990 yen, while the Kando Pants will also rise by 1,000 yen, from 3,990 yen to 4,990 yen. The increases are 14.3% and 25.1%, respectively.
Uniqlo will end its bundle discount, under which four pairs of socks sold for 990 yen, and will instead sell them for 390 yen per pair. Customers buying four pairs will therefore pay 570 yen more, with the price rising from 990 yen to 1,560 yen.
Last month, Uniqlo also raised prices on some products, including its Ultra Stretch Leggings Pants, as well as service fees for alterations such as hemming pants. The company said the latest price increases were "a measure to ensure the continued quality of its products."
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Price increases are expected to continue for the time being. The Yomiuri Shimbun reported that Uniqlo is expected to raise prices further after December.
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