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China is one of the biggest markets for Uniqlo, where the brand aims to expand its business. Greater China, including Taiwan and Hong Kong, accounts for more than 20 per cent of the company's revenue.
Uniqlo in Sanlitun, Beijing, China. Uniqlo entered the Chinese mainland in 2002. As of November 2024, there are 928 stores in China. [22] " I think we can go for about 3,000 stores," Fast Retailing chief Tadashi Yanai told The Nikkei in 2020.
The operator of the Uniqlo global clothing chain reported first quarter results on Thursday that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its ...
Uniqlo, a Japanese-owned brand, was founded in 1974 by Tadashi Yanai. [15] It is known for modern, casual apparel and essential, multi-functional garments. [16] Despite China's anti-Japanese sentiment, Uniqlo secured 1.4% of China's $350 billion apparel market in 2021, which was larger than any other brand that year. [17]
In 1984, the company, which ran a menswear store in Ube, Yamaguchi, opened a new casual-wear store named Unique Clothing Warehouse in Hiroshima City; this was the forebear of Uniqlo. [5] In September 1991, Ogori Shoji changed its name to Fast Retailing Co., Ltd., and was listed on the Hiroshima Stock Exchange in July 1994. [5]
Japan's Fast Retailing <9983.T> said only 30 of its 750 Uniqlo stores in China were still closed, meaning most of its shops outside Hubei province, the epicenter of the coronavirus outbreak, had ...
Shenzhou International Group Holdings Limited is a Chinese clothing manufacturer. [1] [2] With over 97,000 employees, it produces more than 250,000 metric tons of fabric and 550 million garments annually.
Markets in Asia rose Wednesday. Japan's Nikkei 225 Index climbed 1.2% to 10,847 and China's Shanghai Composite Index gained 1.9% to 3,050. In Hong Kong, the Hang Seng Index advanced 1.7%, ending ...
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