Home / Knowledge / News / Apparel/Garments / Uniqlo seeks to multiply global store count
Uniqlo seeks to multiply global store count
07
Dec '09
Uniqlo, a Japanese clothing retailer aims to triple the number of its stores, across the world. It intends to open 1,500 more stores in next five years. One third of these stores will be in China and rest will be set up across Southeast Asia.

In spite of the economic downturn, a number of shoppers rushed into Singapore's first Uniqlo outlet, earlier this year. This resulted into surprising demand surge with an increase in sales figures in Singapore.

Due to the unexpected success of the sales of first store opened eight months ago, the company received many offers, said Mr. Naoki Otoma, Chief Operating Officer, Fast Retailing Group. Penetrating new markets and acquiring market shares in places such as Indonesia, Malaysia and Thailand, are the priority issues of the company.

Presently, Uniqlo has self-owned stores in China and Hong Kong and joint ventures in South Korea and Singapore. This year, the company has set up its third outlet in Singapore. The Shop set up in an area of 17,000 sq. feet will display products from its designer collaborations, like Jil Sander.

The company is looking to set up at least five more outlets in Singapore in next two years, and to generate US $10 million per year from its Singapore outlets. Besides, it intends distinguish itself from its competitors by highlighting its Japanese links.

Being a Japanese brand, the retailer group tries to incorporate Japanese elements into its product manufacturing, for instance, it includes Japanese technology in raw material, textiles, said Mr. Otoma.

There are over 800 stores of Uniqlo across the world whose parent company, Fast Retailing Group is among the largest specialty apparel retailers in the world, which aspires to become the biggest clothing manufacturer and retailer of the world with yearly business of $57 billion within next ten years.

Fibre2fashion News Desk - India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search