Fast Retailing's Uniqlo to raise prices in Japan - Nikkei

TOKYO, June 10 Mon Jun 9, 2014 7:20pm EDT

TOKYO, June 10 (Reuters) - Fast Retailing Co Ltd's Uniqlo casual clothing chain will raise prices on many items by around 5 percent from August at its Japanese stores due to rising procurement costs, the Nikkei business daily reported.

Procurement costs have already been boosted by a weaker yen, while the price of textile fibers for clothing continues to increase globally, the Nikkei said. (Reporting by Chris Gallagher; Editing by Clarence Fernandez)

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