Japanese fast-fashion giant Uniqlo has announced its first Sydney store will open in the central MidCity shopping centre later this year.
The chain, which opened its first Australian store in Melbourne last month, plans to open as many as 50 outlets in Australia over the next three years.
The new Sydney store will be a large-scale outlet with 1485 square metres of floor space, selling men’s, women’s, children’s and baby clothes.
Uniqlo Australia chief executive Shoichi Miyasaka said the Melbourne store had been popular with shoppers since opening, as was the company’s Australian online store, which opened at the same time as the physical store.
“Opening in Sydney was always the next logical expansion across the Australian market,” he said.
Uniqlo is the latest in a string of foreign retail majors to target the Australian market, with Swedish fast-fashion player H&M opening its first Australian store in Melbourne last month, while Spain’s Zara has opened nine stores and Britain’s Topshop four since they both arrived in 2011.
South African retailer Woolworths Holdings has said its $2.15 billion takeover offer for department store chain David Jones is aimed at creating a strong southern hemisphere-based retailer that can effectively compete with players from the north.