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Uniqlo marks five years in India, plans new stores in Mumbai and New Delhi

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Japanese fashion retail brand Uniqlo has marked five years in India, as stated in a company announcement on Wednesday. The͏͏ brand͏͏ opened͏͏ its͏͏ first͏͏ store͏͏ in͏͏ October͏͏ 2019.

Plans͏͏ for͏͏ New͏͏ Store͏͏ Openings:

In͏͏ recognition͏͏ of͏͏ this͏͏ milestone,͏͏ the͏͏ brand͏͏ revealed͏͏ plans͏͏ to͏͏ open͏͏ two͏͏ new͏͏ stores͏͏ in͏͏ November:͏͏ one͏͏ at͏͏ Phoenix͏͏ Palladium͏͏ in͏͏ Mumbai͏͏ and͏͏ another͏͏ at͏͏ Pacific͏͏ Mall͏͏ Tagore͏͏ Garden͏͏ in͏͏ New͏͏ Delhi,͏͏ the͏͏ release͏͏ noted.

Earlier͏͏ reports͏͏ indicated͏͏ that͏͏ the͏͏ company͏͏ plans͏͏ to͏͏ open͏͏ six͏͏ to͏͏ eight͏͏ stores͏͏ over͏͏ the͏͏ next͏͏ two͏͏ years,͏͏ including͏͏ the͏͏ two͏͏ announced͏͏ today͏͏ in͏͏ Mumbai͏͏ and͏͏ Pune.͏͏ Moreover,͏͏ the͏͏ retailer͏͏ is͏͏ in͏͏ discussions͏͏ with͏͏ several͏͏ prominent͏͏ malls͏͏ in͏͏ those͏͏ cities.

Continue͏͏ Exploring:͏͏ Uniqlo appoints͏͏ Bollywood͏͏ star͏͏ Katrina͏͏ Kaif͏͏ as͏͏ first͏͏ Indian͏͏ brand͏͏ ambassador

“Our͏͏ five-year͏͏ journey͏͏ has͏͏ been͏͏ remarkable͏͏ and͏͏ filled͏͏ with͏͏ valuable͏͏ lessons,”͏͏ said͏͏ Kenji͏͏ Inoue,͏͏ Chief͏͏ Financial͏͏ Officer͏͏ and͏͏ Chief͏͏ Operating͏͏ Officer͏͏ of͏͏ Uniqlo͏͏ India.͏͏ “We͏͏ are͏͏ delighted͏͏ to͏͏ see͏͏ that͏͏ Indian͏͏ customers͏͏ have͏͏ embraced͏͏ our͏͏ LifeWear,͏͏ which͏͏ offers͏͏ high-quality,͏͏ functional͏͏ clothing͏͏ designed͏͏ to͏͏ enhance͏͏ everyday͏͏ life.”

Current͏͏ Store͏͏ Footprint:

The͏͏ brand͏͏ currently͏͏ operates͏͏ 13͏͏ physical͏͏ stores͏͏ across͏͏ India,͏͏ along͏͏ with͏͏ its͏͏ largest͏͏ Uniqlo͏͏ store͏͏ available͏͏ online͏͏ at͏͏ Uniqlo.com.

The͏͏ new͏͏ Phoenix͏͏ Palladium͏͏ store͏͏ will͏͏ be͏͏ Uniqlo’s͏͏ first-ever͏͏ location͏͏ in͏͏ South͏͏ Mumbai͏͏ and͏͏ its͏͏ third͏͏ store͏͏ in͏͏ the͏͏ city,͏͏ boasting͏͏ a͏͏ total͏͏ sales͏͏ floor͏͏ area͏͏ of͏͏ 18,380͏͏ square͏͏ feet͏͏ across͏͏ two͏͏ floors.͏͏ Meanwhile,͏͏ the͏͏ store͏͏ at͏͏ Pacific͏͏ Mall͏͏ Tagore͏͏ Garden͏͏ will͏͏ offer͏͏ 12,930͏͏ square͏͏ feet͏͏ of͏͏ sales͏͏ floor͏͏ space,͏͏ making͏͏ it͏͏ the͏͏ ninth͏͏ store͏͏ overall͏͏ in͏͏ the͏͏ Delhi͏͏ NCR͏͏ region.

Continue͏͏ Exploring:͏͏ Uniqlo India͏͏ net͏͏ profit͏͏ rises͏͏ 25%͏͏ to͏͏ INR͏͏ 85.1͏͏ Cr͏͏ in͏͏ FY24,͏͏ sales͏͏ growth͏͏ declines͏͏ to͏͏ 32%

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