Uniqlo Starts U.S. Store Expansion

Note the following from a Reuters news report from earlier this month, “Fast Retailing Co Ltd’s, Uniqlo is launching its U.S. expansion this week with the opening of a flagship store in Manhattan that will anchor a global push to rely less on its home market of Japan.

In addition to the Fifth Avenue location, opening on Friday, Uniqlo is also opening a store in New York’s Herald Square next week, bringing its U.S. total to three locations. The new stores will be the chain’s two biggest.

The retailer’s goal is to eventually have 200 stores in the United States and U.S. sales of $10 billion by 2020.

Uniqlo, run by Japanese billionaire Tadashi Yanai, is directly challenging rivals such as Spain’s Inditex SA (ITX.MC), Sweden’s Hennes & Mauritz AB (HMb.ST) and U.S.-based Gap Inc (GPS.N) with stores a stone’s throw away from theirs on Manhattan’s major shopping strips.”

Read more about Uniqlo Store Expansion at Reuters.

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