The First Asian UNIQLO Will Open In Shanghai In May.

Recently, Fast Retailing Co.Ltd announced that it will open the first Asian flagship store in Shanghai in May 15th, the fourth flagship store in New York after Youiku, London and Paris in May 15th.

The company's 2009 annual report shows that the company has not declined in key financial data such as sales revenue and net profit, but has maintained a sustained growth over the previous two years.

The net asset yield of the company was still 19.1% in 2009, close to a record high of 19.7% in 2006.

In the global garment manufacturing retailer's five - position sales scale, the fifth - ranked uniqo sales grew even more than the Inditex.S.A's ZARA and Hennes&Mauritz's H&M, which were the first and the third top five of the top sales.

In order to continue to maintain a good growth rate, China may become a major market for news distribution group after Japan's local market.

According to CEO Pan Ning, China's fast marketing group, UNIQLO not only purchases a large number of products from China, but also plans to accelerate the opening speed of stores in China.

It is hoped that the scale of 100 stores in China will be realized in the next two years.

As of April 7, 2010, UNIQLO has opened 47 stores in mainland China (including high-end brand THEORY), with 13 stores in Hongkong, plus online stores on Taobao. UNIQLO has 61 stores in the Chinese market.