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FAST RETAIL-DRS: No. of Shops in CN Can Hike to 3,000; Uniqlo's Largest Mfg Hub Still in CN
Uniqlo's parent company, FAST RETAIL-DRS (06288.HK), saw its Chairman and President Tadashi Yanai tell the BBC that Asia is still Uniqlo's biggest market. Although the comp...
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FAST RETAIL-DRS: No. of Shops in CN Can Hike to 3,000; Uniqlo's Largest Mfg Hub Still in CN
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Uniqlo's parent company, FAST RETAIL-DRS (06288.HK)  0.000 (0.000%)   , saw its Chairman and President Tadashi Yanai tell the BBC that Asia is still Uniqlo's biggest market. Although the company is still not a globally prestigious brand, it has been expanding aggressively across Europe and the US.

The company's current number of stores in China has already surpassed that of the Japanese domestic market, said the Chairman. Even though China is facing many challenges, the company does not plan to change its store opening strategy. While there are 1.4 billion people in China, the company has only 900-1,000 stores, making him believe that the number can be hiked to 3,000.

He also mentioned that China is still Uniqlo's largest manufacturing center, and it would be challenging for other countries to replicate China's position as the world's factory.
(HK stocks quote is delayed for at least 15 mins.)

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