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Fast Retailing plans to launch outlets in Russia & India
08 Sep '08
1 min read
The renowned Japanese fashionable garment brand UNIQLO, by Fast Retailing Co Ltd is planning to launch its exclusive stores in other countries. The casual wear manufacturer has made this decision in order to make the label popular on global level.
Sources from the Company informed Fibre2fashion that Fast Retailing is planning to open UNIULO stores in Russia and has already started research on the potential of Indian market, after observing the pace at which the retail sector of both the countries is growing.
In fiscal year that ended August 2007, Fast Retailing posted sales of approximately 525 billion yen. It now aspires to take its annual sales to almost 1 trillion yen by 2010, and this whopping target can be achieved by launching new outlets in different parts of globe.
The Japanese garment enterprise had launched its first UNIQLO casual wear store in 1984 and presently has nearly 760 exclusive outlets worldwide. From trendy t-shirts and sweaters to stylish denims, all clothes are made using high quality fabrics and are available in vast and astonishing variety of colors and patterns.
Sources from the Company informed Fibre2fashion that Fast Retailing is planning to open UNIULO stores in Russia and has already started research on the potential of Indian market, after observing the pace at which the retail sector of both the countries is growing.
In fiscal year that ended August 2007, Fast Retailing posted sales of approximately 525 billion yen. It now aspires to take its annual sales to almost 1 trillion yen by 2010, and this whopping target can be achieved by launching new outlets in different parts of globe.
The Japanese garment enterprise had launched its first UNIQLO casual wear store in 1984 and presently has nearly 760 exclusive outlets worldwide. From trendy t-shirts and sweaters to stylish denims, all clothes are made using high quality fabrics and are available in vast and astonishing variety of colors and patterns.
Fibre2fashion News Desk - India
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