Japanese retailer Uniqlo plans 50 local stores

Japanese fashion chain Uniqlo says it plans to expand quickly in Sydney, Brisbane and Melbourne.

Japanese fashion retailer Uniqlo is aiming to open 50 stores in Australia within three years, with a final target of around 100, according to Tadashi Yanai, chief executive of parent company Fast Retailing.

Speaking on the eve of Uniqlo’s first Australian store opening in Melbourne, Mr Yanai said the company was looking at additional sites in Sydney, Brisbane and Melbourne, and aimed to expand quickly.

“You have 20 million population in this marketplace, and we aim for one store per 200,000 people, so 100 stores will be just enough to cover it,” he said, adding that as many as 50 stores could be on the ground within three years.

Mr Yanai said the company also wanted to launch its other fashion chains — GU, Theory, Comptoir des Cotonniers, Princesse Tam. Tam and J Brand — into the Australian market.

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