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Uniqlo keen to source garments from India

July 26, 2014 (Japan)

Uniqlo, Japan's largest clothing store chain is keen on sourcing the garments from India. Uniqlo is the wholly owned subsidiary of Yanai controlled company, Fast Retailing. Uniqlo, is both manufacturer and retailer of garments and produces over 700 million clothing items per annum and is in business relationship with partner factories located at China, Vietnam, Bangladesh and Indonesia.
 
Uniqlo has presence in 15 nations including China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Philippines, Indonesia, United States, United Kingdom, France, Germany, Russia and Australia. Its line of business specialises in in-house designed casual clothing for men and women of all ages. 
 
It is the largest apparel retail chain with a 5.5% share of the ¥10.7 trillion Japanese apparel market, and a network of 853 stores at end of August 2013 generating annual net sales of over ¥ 683.3 billion besides its home country. In addition to supplying in the domestic retail market, Uniqlo has considerable influence in strengthening Japan's position in the twelve of the 17 countries to which it exports more than 1 percent of its clothing exports in the world wherein the Uniqlo has its retail outlets. 
 
Given the performance of Uniqlo in the clothing exports from the country India, being the second largest textile exporter in the world, will definitely benefit out of the Uniqlo's network. The total clothing exports from Japan to the world in 2013 was reported at US $ 601.60 million, this may be attributed to considerable contribution from Uniqlo. Of the total clothing exports, around 87 percent is to the nations wherein the Uniqlo's retail outlets are located.
 
In order to analyse the export performance of Uniqlo at their retail outlets spread across the world, the top performing 100 products (with significant CAGR during 2004 -2013 periods) of Japan's exports to these nations were considered. Around 66 percent of the exports of Japan to the nations wherein Uniqlo has presence comes from woven garments rest from the knits and majority of the products are targeted at the feminine consumers who constitute around 58 percent of Japan's clothing exports. 

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