31 May '11, 10am

Uniqlo sees boost from light clothing in power-starved Japan

TOKYO, May 31 (Reuters) - Fast Retailing Co Japan's leading apparel chain, said it expected a sales boost from shoppers seeking lighter clothing this summer as temperatures rise and half the nation turns its air conditioners on low to conserve power. Government officials have asked businesses and households in greater Tokyo, which accounts for about 40 percent of Japan's economic activity, and in northeast Japan to cut electricity use by as much as 15 percent during the peak summer months. The region's power grid is at risk after Japan's March 11 earthquake and tsunami triggered a crisis at the Fukushima Daiichi nuclear power plant and forced others to go offline, squeezing generating capacity. "(The power shortage) is a huge opportunity for the apparel industry. People are changing the way they dress not just at work but at home as well," Fast Retailing Group Executive Na...

Full article: http://sg.news.yahoo.com/uniqlo-sees-boost-light-clothing...

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