Japanese clothing giant Uniqlo opened its first store in India this week. The store is one of its largest worldwide, becoming the latest global retailer to plunge into the huge but tough developing market.
Japanese clothing giant Uniqlo opened its first store in India becoming the latest global retailer to plunge into the huge but tough developing market.
The Uniqlo outlet, one of more than 2,000 across the world, is spread over 3,250 square metres (35,000 square feet) in an upmarket mall in New Delhi.”I’m not worried,” the billionaire founder of Uniqlo’s operator Fast Retailing, Tadashi Yanai, shared.
Uniqlo is among more than 300 international fashion brands expected to open stores in India in the next two years.
On price, Uniqlo so far appears to be selling its clothing at similar levels as in the United States and Australia, and more expensive than in Malaysia. One signature item, a women’s ultra light down vest for women, retails at 3,490 rupees ($49.10) compared to $49.90 in the US and 149.90 ringgit ($35.80) in Malaysia.
