For Uniqlo opened the world's largest flagship store in Shanghai-Gucci Handbags

For Uniqlo opened the world's largest flagship store in Shanghai-Gucci Handbags

Quickly become a global fashion retail giant Uniqlo goals and plans to increase annual sales by 2020, 7 times, fast off the company also said it plans to open in Shanghai, a new Uniqlo flagship store, making it the world's largest Uniqlo shop . But the opening date has been announced.

Anxious to acquire the fast fashion retailer Uniqlo aims to become a global giant, the company's ambitious plans to increase annual sales by 2020, 7 times, rose to 54 billion U.S. dollars. As of August the company expected this year, sales reached 7.36 billion U.S. dollars.

Currently, the company has 780 Uniqlo stores in Japan, while overseas, operates 80 stores. Uniqlo aims to work with Gap, Inditex and H & M Qi head competition.

Company CEO Tadashi Yanai told a news media interview, said: "If you can achieve annual sales of 54 billion U.S. dollars, then it is a very good thing. But to achieve this goal, the United States and Europe, M & A strategy will be necessary to implement indispensable. "The company acquired the New York fashion brand Theory and the French brand Comptoir des Cotonniers.

The company also plans to enter the Russian market next spring and will be rapidly expanding in China. Plan 2010, with 4,000 retail stores in the world, targets sales of 33 billion U.S. dollars of international.

At the same time, Uniqlo's domestic business objectives for 2020 of 110 billion U.S. dollars.

Uniqlo is not correct in the sluggish retail market in Japan is unique in the economic recession, store sales continued to grow, due to its reasonable price and compelling products to attract consumers even more thrifty.

Uniqlo same store sales in August rose by 5.6%, mainly due to strong sales of autumn and winter due to new products. As of August this year Uniqlo brand's sales also rose 11.3% year on year.

Fast Retailing company also said it plans to open in Shanghai, a new Uniqlo flagship store, making it the world's largest Uniqlo shop. But the opening date has been announced.

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