A formal announcement by Japan’s Fast Retailing Co. Ltd, parent company of Uniqlo reveals that fashion brand Uniqlo will be opening three stores in India, in the Delhi-NCR region. The maiden store will be launched in October.
The brand debut in India is a part of brand’s global strategy to beat Spain’s Zara and Swedish retailer H&M to sell more apparel globally. It is now the third world’s third-largest fashion retailer.
“The opening of our first store, Uniqlo Ambience Mall Vasant Kunj, followed by a second and third store a little later represents a significant step in our company’s global strategy ...,” Tadashi Yanai, founder and chairman, Uniqlo, and president and CEO of the brand’s parent company remarked.
Sprawling across 35,000 sq. ft., the first store will have three floors and will house complete collection for women, men, kids, and babies in Asia-specific sizes. For the first time, fashion retailer has announced multiple stores in launch market, thanks to size and fast growth of the Indian market.
The other two stores will be opened in DLF, Saket and DLF Cyberhub, Gurugram. “We have announced three stores. The Ambience (store) will belong to our large format stores. It’s quite large for our standards. And the second is not small either. Cyber Hub is different in nature, because of the location it is in,” informed Yuki Katsuta, Head of Research & Development, Uniqlo to a leading newspaper.
With 2,000 stores, Uniqlo operates in 22 markets such as the US, UK, Canada, Australia, Singapore, Russia and China besides Japan.
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