Home / Knowledge / News / Apparel/Garments / Fast Retailing to launch G.U brand outside Japan
Fast Retailing to launch G.U brand outside Japan
30
Apr '11
With a view to boost overseas sales, Asia's largest clothing chain, Fast Retailing Co. proposes to launch its economical G.U. brand in foreign countries.

Osamu Yunoki, President of Fast Retailing's GOV Retailing Co. unit said that, they intend to launch the brand in overseas markets and may target emerging countries.

The retailer would launch its flagship outlet for its G.U. brand in Tokyo on April 29. Shirts under the brand are sold at 490 yen or six dollars, while jeans are sold for 990 yen.

Tadashi Yanai, Chief Executive Officer of Fast Retailing said that, the retailer intends to add 50 G.U. stores each year to have 200 outlets with annual turnover of 50 billion yen, by August 2013. The firm means to reduce its dependence on flagship Uniqlo brand, which now constitutes around 80 percent of the firm's total turnover.

After the massive earthquake of March 11, that left around 26,000 people in Japan either dead or missing, launch of Tokyo outlet was postponed to this month.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search