Japan’s apparel retailer Uniqlo will launch in India, according to a report in the Economic Times. The Japanese retailer will open first store in Delhi during fall 2019, marking the brand’s entry into the South Asia region.
Following the establishment of a wholly-owned subsidiary in Delhi, UNIQLO will soon begin recruiting local talent as it prepares to open its store in the world’s fastest-growing major economy, the company said in an official press statement.
“Our entry in India represents a significant step in our company’s global strategy, and we are very pleased and excited to be part of the country’s growing retail market,” said Tadashi Yanai, Chairman, President, and CEO of Fast Retailing Co, the operator of the UNIQLO brand.
Fast Retailing, the Tokyo-listed USD 17 billion parent company, had last year filed for the single brand licence of UNIQLO with the Department of Industrial Policy and Promotion.
“We look forward to introducing UNIQLO and our high quality, affordable LifeWear apparel in India, while at the same time contributing to the expansion of the Indian economy,” Yanai stated further.
The first store will be located in Delhi, and the company will focus on expanding its presence in the capital region before considering other areas.
As a part of its preparations to enter the market, Uniqlo will introduce its Uniqlo Manager Candidate program in India soon.
The retailer will lao launch stores in Sweden and the Netherlands in Fall 2018.
