UNIQLO, the Japanese global apparel retailer, has announced its plans to make a venture into the Indian market by launching three stores in the first year in Delhi-NCR. Given the size and fast growth of the Indian market, the launch will involve three separate stores, to be able to offer LifeWear to as many people as possible.
The first of the three UNIQLO stores will open in October in New Delhi.
Tadashi Yanai, Founder and Chairman, President & CEO, Fast Retailing, UNIQLO, said, “We are committed to the Indian market and are very excited to be launching our first three stores in Delhi, a region that embraces diversity and culture, from art and design to craftsmanship and fashion.”
“The opening of the three stores represents a significant step in in the company's global strategy, Yanai said. We look forward to offering our high-quality, affordable LifeWear apparel to the people of India,” he added.
Spread over 35,000 square feet, the first UNIQLO store will be located at Ambience Mall, Vasant Kunj, one of the most popular shopping districts of the Delhi metropolitan area.
The second and third store will be located at DLF Place Saket and DLF CyberHub, Gurugram, respectively.
As discussed in a leading media interaction, Yuki Katsuta, Head of Research & Development, UNIQLO, stated, “We have announced three stores. The Ambience (store) will belong to our large format stores. It’s quite large for our standards. And the second is not small either. Cyber Hub is different in nature, because of the location it is in.”