In 1984, Bernie Liu, then a fresh college graduate from Cebu, first worked in the family lumber store along North Edsa, Quezon City. “I was a salesman dealing with the hardware stores,” he recalls.
Encouraged by better-than-expected sales at its pilot store at SM Mall of Asia, Japanese retail brand Uniqlo is opening more stores to serve a wider market in the Philippines.
The Department of Trade and Industry (DTI) is assisting Japan’s Fast Retailing Co. Ltd. to develop the domestic market for its Uniqlo stores in the Philippines to jumpstart its expansion in the Asian market.
Uniqlo, Japan’s leading apparel brand, is scheduled to open its first shop in the Philippines in June as part of efforts to tap the “enormous growth potential” in Asia, a key regional focus of its global expansion strategy.
The country’s largest retail and mall chain, ShoeMart, is bringing Japanese casual clothing brand UNIQLO to the Philippines.
The influx of high-end fashion retail brands, coupled with the increasing number of homegrown labels and designers, may prove to be more than just challenging to any newcomer who wants to make a permanent mark in the local retail wear industry. After all, given this vast array of choices in the market, it would be [...]
The Philippines’ foreign trade in goods surged by about a third in 2010 to reach $106.4 billion, an increase of 30.5 percent from $81.5 billion in 2009, according to the National Statistics Office. Total export receipts rose by 34 percent to $51.5 billion from $38.4 billion in 2009, while total imports grew by 27.5 percent [...]
