UNIQLO Plans To Enter The Overseas Market Next Year

Supporting overseas achievements Uniqlo Continue expanding outwards. UNIQLO recently announced its first location in the Canadian market. The two shops in Toronto are scheduled to open in the autumn of 2016, while Vancouver's stores are also planning.

It is understood that UNIQLO's two shopping malls located in Toronto belong to C. Adillac Fairview group. Among them, the Eaton Centre's UNIQLO store area is 28 thousand square meters (approximately 3111 square meters), opened beside H&M; the shop area of DELL shopping mall in York (Yorkdale Shopping Centre) is 24 thousand square meters (about 2666 square meters), will be located in the new expansion part of the shopping mall, this part will also open 27 new shops including NordStrom. Larry Meyer, chief executive officer of North America, UNIQLO, said that entering the Canadian market is a milestone in UNIQLO and an important step in its development strategy.

According to UNIQLO parent company Fast Marketing Group As of last August 31st's fiscal year report, Japan's UNIQLO revenue increased 4.7% to 751 billion 600 million yen compared with the same period last year, and its profit grew 11.6% to 106 billion 300 million yen compared with the same period last year. The double growth of profit and profit came from the growth of single store sales. Compared to that, overseas UNIQLO growth was strong, with revenue rising 64.7% to 413 billion 600 million yen, and the profit increased by 165.1% to 32 billion 900 million yen. The growth came from the rapid increase in the number of stores. By the end of August last year, the total number of overseas UNIQLO stores increased by 187 to 633. The fast retailing group said that for the global business of UNIQLO, the primary problem is to accelerate the pace of opening new stores. Although the revenue source of fast marketing group is still dominated by Japanese market, the proportion of overseas market is increasing. As of the end of November 2014, the number of overseas stores in UNIQLO reached 695, an increase of 183 over the same period in 2013.