Home / Knowledge / News / News Detail
Fast Retailing to open Grameen Uniqlo stores in Bangladesh
03
Jul '13
Fast Retailing Co., Ltd. announces the July 5, 2013 opening of two Grameen UNIQLO stores in Bangladesh, in another step towards the vision of a nationwide chain of Grameen UNIQLO locations across the country.

The initiative is an aspect of Fast Retailing's long-term commitment to address poverty, hygiene, the environment, and educational and gender inequality in the rapidly developing nation.

The new Grameen UNIQLO stores are located in Dhaka, at 234/2 New Elephant Road and 41/8 Block C Banasree, and feature UNIQLO's signature "beauty in hyperpracticality" - tailored to the specific needs of Bangladesh.

The stores offer a range of 32 items for men and ten for women, for between US$ 2.50 and US$ 15.50. Grameen UNIQLO produces the collection in Bangladesh using locally sourced materials, providing highly practical items in a range of colors made from soft and stretchy synthetic fibers (such as polyester and polyurethane) - made by locals, for locals.

Commenting on the announcement, Fast Retailing Chairman, President, & CEO Tadashi Yanai said, "We are pleased to announce our next step in our long-term commitment to the rapidly developing nation of Bangladesh. We reinvest any profits to grow the business, and help to address challenges related to poverty, hygiene, and education. Our aim is to nurture independence and self-sufficiency, and to contribute toward raising the standard of living in Bangladesh."

To date, Grameen UNIQLO has focused on door-to-door sales in farming villages - offering affordable, quality clothing to people living below the poverty line. Through the new stores in Dhaka, Grameen UNIQLO creates local jobs and offers customers in Bangladesh's capital quality, comfortable, and affordable clothing.

Fast Retailing established UNIQLO Social Business Bangladesh Ltd. in September 2010, and the joint venture with Grameen Group's Grameen Healthcare Trust in August 2011.

Fast Retailing


Must ReadView All

Apparel/Garments | On 29th Apr 2016

India’s apparel sector has huge job creation potential

Export-oriented apparel production in India and other South Asian...

Apparel/Garments | On 29th Apr 2016

Raymond’s net sales up 5% in FY16 to Rs 5,595 cr

Renowned Indian textile, apparel and fashion brand, Raymond reported...

Apparel/Garments | On 29th Apr 2016

eBay and Innotrac merge to become Radial

eBay Enterprise and Innotrac have joined forces to become Radial, the ...

Interviews View All

Anurag Rajpal
American Swan Brand

How will the Union Budget 2014-15 do good to the Indian textile sector? Is ...

Ms.Edda Walraf
Rieter Machine Works Ltd

How important is the upcoming trade show ITMA Asia + CITME 2014 for the...

Veronique Lee
Modavanti

Sustainable fashion is not necessarily pocket- friendly. Are consumers...

Carlos Richer
Richer Investment

Mr. Carlos Richer is the Director of Richer Investment, Diaper Consulting...

Mr. Yogesh Agrawal
Shri Ambica Polymer Pvt. Ltd.

Mr. Yogesh Agrawal started Shri Ambica Polymer Pvt. Ltd. in the year 2005. ...

Avi Bash

Avi Bash is an Independent Nonwovens Sales & Marketing Consultant with...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search