In the retail slump that many industry veterans say is the worst in their three decade plus careers, convenience stores have, however, become a standout by attracting thrifty consumers in recession hit Japan.Masafumi Shoda, retail analyst at Nomura Securities, said the gap between winners and losers had widened in the quarterly results, the first since the global financial crisis erupted in the wake of the shock last autumn.are not walking around naked, they still need clothes but, unlike food, clothes are not consumed.Department stores are among the hardest hit.First, a stock market plunge in October dealt a blow to their upscale clients wealth and then damage spread to the real economy as companies axed jobs and output in a bid to survive. [ID:nT366933]But Fast Retailing, which runs about 760 Uniqlo stores in Japan as well as over 50 in Britain, China and elsewhere, has attracted cost conscious consumers with its cheap but novel offerings of basic apparel items.Same store sales at Uniqlo stores in Japan rose 17.7 percent in its first quarter, easily beating the company own forecast made at the start of the business year for modest 1.4 percent growth for the year to August.Uniqlo prepared 28 million items of its line of heat trapping shirts for the winter, up 40 percent from a year ago, and had to apologise last month as stocks ran low at many stores.For the year to August useful reference , Fast Retailing raised its outlook 6.5 percent to 99 billion yen, compared with an average forecast of 100.3 billion yen in a poll of 14 analysts by Reuters Estimates. (Editing by Anshuman Daga)..

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