Uniqlo to open 10 more stores in PH this year
By Riza T. OlchondraUniqlo is expanding its store network in the Philippines to meet strong demand for its products, according to Katsumi Kubota, COO of Fast Retailing Philippines Inc.
Uniqlo is expanding its store network in the Philippines to meet strong demand for its products, according to Katsumi Kubota, COO of Fast Retailing Philippines Inc.
The operator of cheap-chic clothing giant Uniqlo said Thursday that steady winter-clothing sales helped boost its latest quarterly net profit by 23.5 percent from a year ago.
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.
