Japan’s biggest fashion retailer is coming to Delhi-NCR
Japanese retailers love Delhi NCR. First Moji, now Uniqlo is coming to the town.
Japanese retailers love Delhi NCR. First Moji, now Uniqlo is coming to the town.
Uniqlo announced India’s entry. It will set up its first store in Delhi in 2019.
A brief history:
Uniqlo started in 1984. It sells casual clothes.
Zara and H&M are its competitors, who sell trendy clothing and jewelry.
It has 1089 stores worldwide.
It made a profit of $1.57 bn on sales of $16.87 bn.
Fast Retailing Co. is its holding company. Its other brands are GU, Theory, Comptoir des Cotonniers, Princesse tam.tam, and J Brand
It aims to become world’s largest fashion retailer.
What does it mean?
High demand for fast fashion; India’s fashion retail market is worth $70 bn .
Muji, another Japanese retail major has opened four stores in India ( 2 in Delhi-NCR).
Positive signs for local garment manufacturers; as these brands will source from local manufacturers.
Intense competition between fashion brands to get customers.
Watch: A Uniqlo store
Uniqlo’s 89000 square feet NY store.
- 100 fitting rooms
- 50 cash registers
- Endless collections.