There Will Be 76 Stores In UNIQLO China.
Fast fashion retailers in Japan
A sales manager of the clothing retailer said: "the purpose of the parent company's fast selling group is to occupy a place in the rapidly developing market of India and Brazil within 5 years, and expand the market in China at the same time. It is estimated that by 2020, the number of stores in the Chinese market will exceed that of Japan.
The fast selling group of its parent company has been expanding the UNIQLO empire in all parts of the world, especially in Asia. Because sales growth in Japan is slow and due to the shrinking domestic market demand, the whole sales market in Japan is closely related to how to strengthen sales and profits worldwide.
NaokiOtoma, chief operating officer of fast marketing group, said in a media interview that the number of stores in China will soar in 9 years.
He said: "although compared with Japanese consumers, China's
Famous for its casual comfort woolen jackets and thermal underwear.
By 2020, the number of stores in China will reach 1000 stores through continuous growth.
NaokiOtoma said we will not increase many stores in Japan. In China, we have no allies and partners, and we are growing healthily. China probably has no company to do better than us.
A spokesman for the company said UNIQLO also intends to enter the India and Brazil markets in 5 years. Although foreign retailers can cooperate with local businesses with a smaller share, the demand will soon be changed. According to the survey, these regulations will be abolished within one year, according to NaokiOtoma.
In the US, XXX group has a flagship store in Soho District of New York, which is actively seeking acquisitions.
NaokiOtoma said: "we have received many applications, but there are not many good choices. We must make joint progress with electronic commerce. Our advantage is to establish a good brand image and brand awareness in the United States.
In October last year, Xun group predicted that in August 2011, net profit in Japan would drop by 17% to 5 billion 100 million yen, which would also be the first decline in UNIQLO's sales in 4 years.
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