Uniqlo’s further expansion in China

By Leng Cheng | September 28, 2015, Monday |

Online Edition

JAPAN'S Fast Retailing Co, Asia's biggest clothing seller and the operator of Uniqlo, said yesterday it will open 100 new outlets in China every year, shrinking off concerns over a cooling economy will hurt retailer's business.

"Our business is getting absolutely no impact from China's slowdown", company's chairman Tadashi Yanai, also the richest person in Japan, told reporters in Shanghai yesterday.

"Demand for Uniqlo products will increase amid cooling economy, as everyday clothes with basic designs and advanced materials that Uniqlo sells at affordable prices fit well as China shifts its focus to consumer purchasing from manufacturing," Yanai said.

Uniqlo has about 360 stores in China’s mainland at present, the most by market outside Japan. The company plans to expand its network in China’s mainland, Hong Kong and Taiwan, to a planned 1,000 outlets, with a target of 3,000 stores in the medium term, Yanai said in February.

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Uniqlo’s further expansion in China

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