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Uniqlo first opened its roadside store in Japan in 1985 and it has now many roadside stores in Japan and five other countries in South Korea, Taiwan, Thailand, Philippines and Malaysia. [ 18 ] On 2 September 2009, Fast Retailing announced that the company would target annual group sales of 5 trillion yen (approx. US$61.2 billion) and pretax ...
In 1984, the company, which ran a menswear store in Ube, Yamaguchi, opened a new casual-wear store named Unique Clothing Warehouse in Hiroshima City; this was the forebear of Uniqlo. [5] In September 1991, Ogori Shoji changed its name to Fast Retailing Co., Ltd., and was listed on the Hiroshima Stock Exchange in July 1994. [5]
Yanai opened his first Uniqlo store in Hiroshima in 1984, [6] and changed the name of his father's company Ogori Shoji to Fast Retailing in 1991. [8] He has stated: "I might look successful but I've made many mistakes. People take their failures too seriously. You have to be positive and believe you will find success next time." [9]
Uniqlo, a Japanese-owned brand, was founded in 1974 by Tadashi Yanai. [15] It is known for modern, casual apparel and essential, multi-functional garments. [16] Despite China's anti-Japanese sentiment, Uniqlo secured 1.4% of China's $350 billion apparel market in 2021, which was larger than any other brand that year. [17]
It is fully owned by the company Fast Retailing, which is better known as the owner of the retail chain Uniqlo. The name is a pun of the word jiyū (自由), meaning "liberty, freedom" (from high cost clothing). Its signature product is a pair of jeans, which costs 990 yen. As of November 2023 there are 472 locations. [2]
The Xinjiang region produces one of the best cotton in the world and a US federal report published in 2022 estimated that cotton from Xinjiang accounted for roughly 87 per cent of China’s ...
Uniqlo operates some 2,400 stores around the world, but its presence in the North American market is still relatively miniscule. That’s about to change. More from WWD
Yanai transformed his family’s tiny clothing store into an international phenomenon with more than 3,500 Fast Retailing stores across the world, including Uniqlo flagships in London’s Covent ...