'Feeling guilty': Price hikes a tough sell in Japan despite inflation
- TOKYO: When Japan's "symbol of affordability" Uniqlo decided to increase the price of its basic socks last month, it sparked a backlash before the clothing titan made an immediate U-turn.
- That came after Italian-style family restaurant chain Saizeriya issued an almost grovelling apology as it decided to add 20 yen (US$0.13) to the price of its trademark Milanese Doria, lamenting its "lack of effort".
- The very public angst - including in one of the world's most recognisable clothing brands - highlights the struggles Japanese firms face as they battle rising costs in a country where decades of def
Unverified
- TOKYO: When Japan's "symbol of affordability" Uniqlo decided to increase the price of its basic socks last month, it sparked a backlash before the clothing titan made an immediate U-turn.
- That came after Italian-style family restaurant chain Saizeriya issued an almost grovelling apology as it decided to add 20 yen (US$0.13) to the price of its trademark Milanese Doria, lamenting its "lack of effort".
- The very public angst - including in one of the world's most recognisable clothing brands - highlights the struggles Japanese firms face as they battle rising costs in a country where decades of def
Sources: CNA