Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.
The Fast Retailing lifestyle retailer hosted an event in New York City to celebrate the upcoming 15-year anniversary of its partnership with Toray Industries and to highlight and debut new fabric technologies.
Japan's Fast Retailing Co Ltd , the owner of the Uniqlo casual wear brand, reported a better-than-expected 80% jump in Q2 operating profit, as the company's efforts to improve margins helped offset flat revenues.
Uniqlo founder and chairman, Tadashi Yanai, has revealed that Zara has been a source of inspiration for the business in terms of international expansion strategies as it gears up to open the first Uniqlo store in Spain.