UNIQLO’s Post

UNIQLO is making waves by shifting its focus to larger flagship stores globally, with a particular emphasis on Europe. The Japanese brand, owned by Fast Retailing, has seen tremendous growth in Europe, where flagship stores in cities like Rome, Edinburgh, London, Milan, and Nice have driven higher revenue per store than in Japan and China. 🚀 Highlights: - 76 European Stores: Out of 2,469 worldwide, showcasing Uniqlo’s commitment to the region. - Outstanding Growth: European sales surged by 38.4%, with operating income jumping 50% in the first half of the fiscal year. - Customer Favorites: Products like the ultralight down jacket and the viral built-in bra top are boosting the brand's popularity. - Expansion Plans: 10 new stores planned for Europe, including a flagship in Warsaw, Poland. Uniqlo's "life wear" concept, which emphasizes high quality and versatile basics, resonates well with European consumers. This strategic move positions Uniqlo strongly against fast-fashion giants like Zara and H&M. 🌟 "Uniqlo offers staples that are versatile and enduring enough to be worn throughout the year," says Dana Dyusheyeva from London. #GlobalExpansion #FashionIndustry #RetailGrowth Photo by 𝗔𝗹𝗲𝘅 𝘙𝘢𝘪𝘯𝘦𝘳 on Unsplash

UNIQLO is opening 20 new stores in North America in 2024 The global fashion giant, UNIQLO is set to open over 20 new stores across the United States and Canada. This marks a significant increase from their previous year's openings, showcasing UNIQLO's commitment to growth and customer connection. Key Highlights: - New locations include Tacoma Mall in Washington, Alderwood Mall in Lynnwood, South Shore Plaza in Massachusetts, Providence Place in Rhode Island (a new market entry), and Staten Island Mall in New York. - Canadian shoppers can anticipate openings at CF Fairview Mall and Scarborough Town Centre in Toronto, CF Market Mall in Calgary, and Bayshore Shopping Centre in Ottawa. - Daisuke Tsukagoshi, CEO of UNIQLO North America, emphasizes the importance of stores as community hubs and the brand's eagerness to engage with local customers. - UNIQLO is not just expanding its store count but also focusing on enriching the retail experience with innovative LifeWear concepts and viral products. - The brand aims to reach 200 stores in North America by 2027, building on its global network of more than 2,400 stores. Join the UNIQLO journey and stay ahead of the retail curve by subscribing to RETAILBOSS for the latest news and insights. Don't miss out on the trends shaping the industry! 🔗 Subscribe now and be part of the conversation: https://lnkd.in/etP9UHM2 #UNIQLO #RetailExpansion #FashionRetail #RETAILBOSS #RetailNews #SubscribeNow

A senior UNIQLO employee describes his boss Tadashi as “sweet”. But at the same time he relentlessly pushes for the goal. Tadashi Yanai Uniqlo Founder and Japan’s richest billionaire simply says, “You should not try to avoid struggles.” And you know, even when the sportspeople are struggling, the people who are watching 👀 it enjoy things thoroughly ☺️ I have always wanted to cater to the needs of the customers. We need to be thinking about that all the time. Life, like sports, is all about practice, working towards a goal, polishing your skills. Talking about next successor in the company he says : I think it is very important that this person be able to revitalise every single employee in the organisation. Read more at:

No doubt there is still room for flagship store in untapped market but Uniqlo is reaching a saturation point and needs to focus on its comp/same store year on year growth to be sustainable. Today, many of us who own a Uniqlo item tend to have a preference to stick to shopping for a product category and seldom venture into other categories (I.e: challenges in cross selling). Uniqlo has great quality and is comparatively affordable but there is only so many colors you can purchase of an item and the frequency of which you would do so. Flagship stores can only consume profits from other money making outlet if they are not self sustainable thus downplaying the true potential of the brand. https://lnkd.in/dW83WUKr

As a former intern at Zara, Ambience Mall, Gurgaon, i mostly learned about the inner workings of this renowned fast fashion retailer. Did you know? Zara introduces over 10,000 new designs every year, with a production-to-store timeframe of just 2-3 weeks! But do you know how perfectly they manage the delivery? Here's how: Delivery process - •DAY BEFORE DELIVERY: ~Store receives confirmation of delivery via email ~Store Image team prepares floor for new arrival ~Operations team plan manpower and tools requirement • DAY OF DELIVERY: ~Unpack the boxes ~Pickup of stock required on floor ~Non required stock goes to stockroom ~Operations team does the stockback of stock sent to stockroom Stockroom : backbone of the store- •The stockroom marks the accuracy of 98% with house to excess stock which Zara use to replenish the floor in every 30 minutes. •Apart from replenishment, the stockroom also supports with the transfers of stock Also, have you ever thought why there is high footfalls in Zara’s stores ? Not limited, there are other reasons too but here’s the main reason, Zara manufacture its clothes in small batches with a range of limited editions and seasonal specials. Zara retain stock in their shop floor for only three to four weeks so customers visit more often and the experience is always fresh. This business model of fast fashion is what really revolutionized the industry. #zara #inditex #fashionindustry #retail #retailinnovation #fastfashion

🗞 💡 ⚡ Brobston Fashion News Brief for Wednesday, July 24th LVMH LVMH reported a 14% drop in net profit for the first half of 2024, impacted by Chinese consumers redirecting their luxury spending to Japan. Despite the hit, the conglomerate continues investing heavily in marketing, store renovations, and its sponsorship of the 2024 Paris Olympic and Paralympic Games. Saks Saks Global has announced a consolidation effort that will merge functions of Saks.com, Saks Fifth Avenue, and Saks Off 5th under the Saks Global umbrella, resulting in around 100 layoffs. This restructuring follows a $2.65 billion merger agreement involving Neiman Marcus Group to form a dominant luxury retail enterprise. Victoria's Secret The Victoria's Secret Fashion Show is set to make a comeback this fall with a new focus on inclusivity, produced by women for the first time in its history. The company has made it clear that it aims to present a more diverse range of models and make the collection shoppable directly from the runway. Breitling Breitling has opened a temporary flagship on Paris's Champs-Elysées, aiming to capitalize on the increased exposure from the upcoming Paris Olympic Games. This move is part of a broader strategy to boost brand visibility and market share, with the permanent flagship slated for 2025. LuisaViaRoma LuisaViaRoma has partnered with Bolt to enhance the checkout experience for U.S. shoppers by implementing one-click checkout technology. This partnership aims to streamline the online shopping process and improve conversion rates for its recently launched U.S. digital storefront. L'Occitane L'Occitane International SA has confirmed it will proceed with delisting from the Hong Kong Stock Exchange after securing sufficient shareholder support. Majority owner Reinold Geiger's move to privatize the company aims to provide flexibility for long-term business decisions amidst a competitive market. Brobston Group Visit our fashion industry jobs marketplace featuring 5000+ current open roles at brobston.us/jobs. Learn about our fashion industry resume services at brobston.us/resume. 👍 🔁 Please help us share the news by liking and reposting 👍 🔁 #LVMH #LuxuryMarket #FinancialResults #ChineseConsumers #RetailTrends #SaksGlobal #Consolidation #Layoffs #SaksFifthAvenue #NeimanMarcus #VictoriaSecret #FashionShowReturn #Inclusivity #Breitling #RetailStrategy #ParisOlympics #LuisaViaRoma #Ecommerce #CheckoutExperience #LOccitane #MarketStrategy

UNIQLO the story of it!!!(Japan) From quitting his job in 1974 to becoming the richest man in Japan! Tadashi, UNIQLO's owner, didn't want to work with his father in his suit & tie stitching store. He took a job in a supermarket and asked to wear a tie, so he left that job. After taking over his father's business in 1972, he opened a new store, Unique Clothing Warehouse, in 1984, which was later shortened to Uniqlo. Inspired by large casual apparel chains like Benetton Group and Gap, Tadashi Yanai saw immense potential in Japan's casual wear market and shifted the family business from suiting to bulk-buying low-cost fashion goods. He noticed that many foreign fashion chains were vertically integrated, controlling design, production, and retail. By 1998, he opened over 300 Uniqlo stores in Japan. However, one key challenge was the brand's perception as a discount retailer selling cheap, low-quality apparel in the suburbs. This perception completely changed when it introduced the Global Quality Declaration in 2004, a pledge to stop making low-priced, low-quality garments. Since then, people have started noticing Uniqlo for its high-quality fleece jackets. As of September 2019, the brand has grown to more than 2,250 stores in 25 countries across Asia, Europe, and the US in just 22 years. It is the biggest apparel chain in Asia, with over 800 retail stores in Japan alone. The company's home market Japan contributed 38 percent to its total revenue, with one in four Japanese said to own a Uniqlo down jacket. Evolving with market demands, Uniqlo leverages technology across all levels; it monitors inventory in real-time and creates innovative fabrics like HeatTech and AIRism. Their stores are also designed with a digital customer-first approach, allowing customers to explore and learn about the technology behind these fabrics. Today, UNIQLO is the 3rd largest clothing company in the world after ZARA and H&M. #uniqlo #zara and #brand #mondaymotovation

Brandstory : UNIQLO Uniqlo is new in India but it has been in existence for more than 40 years. This Japanese brand has set sights to conquer the worldwide apparel business. Started as a roadside garment store in Hiroshima, it is counted among the top 10 most valuable apparel brands in the world today. Brand Essence of Uniqlo ⛩️      Simple, well designed clothes for men, women and kids. ⛩️      Clothes last very long due to the high quality ⛩️      Fantastic price point which makes the clothes affordable  ⛩️      Invests heavily in innovation of new products ⛩️      Inhouse designing but manufacturing is outsourced ⛩️      Brand philosophy is ‘Made for all’ helps connect with consumers Some interesting facts about evolution of Uniqlo: 👕       Established in 1949 by Hitoshi Tanai [Tadashi Yanai’s father] as menswear retail shop under the name Ogori Shoji in Ube, Yamaguchi. 👕       First Uniqlo shop was opened in Hiroshima in 1984 under the name Unique Clothing Warehouse. 👕       The parent company changed it’s name to Fast Retailing which got listed on Tokyo Stock Exchange in 1997. Today Fast retailing is worth US$130 billion, making it one of the most valuable apparel company in the world. Uniqlo generates the highest revenue for Fast Retailing and has a value of US $76 billion. 👕       Originally it was 'Uniclo' a shorter name for Unique Clothing Warehouse, but the name changed to 'Uniqlo' as a result of a typing mistake. Founder Tadashi Yanai loved the sound of Uniqlo and hence the brand name since 1988. 👕       First Overseas retail store was opened in London in the year 2001. Today the total number of Uniqlo retail outlet stands at 2488 worldwide. #retail #marketing #Japan #India #apparel #apparelindustry #uniqlo #clothing #branding #brand #retailindustry #brandstory #valuation #brandidentity #philosophy #fashion #fashionindustry

Uniqlo is far better than Zara or H&M. 1️⃣ Efficiency in Selection Process: "I've found that Uniqlo simplifies the shopping experience remarkably. With their focus on minimalistic designs, I spend less time making choices and more time enjoying my selections. This streamlined approach is a game-changer!" 2️⃣ Perceived Quality Differences: "Quality is paramount, and Uniqlo seems to shine here. The attention to detail and the innovative fabrics truly set them apart. It's not just about the garment; it's about how long it lasts." 3️⃣ Price and Design Appeal: "While Uniqlo might be marginally pricier, the value is evident. Their commitment to minimalist designs makes the selection process a breeze. Sometimes paying a bit more is worth the time saved!" I was buying actively from H&M but quickly shifted to Uniqlo when I shifted to Noida. I prefer offline buying of apparels and Uniqlo stores are well positioned in terms of offering their products, specially in the Delhi/Noida winter weather. Where do you shop from? #retailfashion

The latest on RetailWire ➡ Levi Strauss & Co. has launched a revamped store in Kyoto, Japan, adopting the “NextGen” format aimed at improving the shopping experience. The newly reopened Levi’s store, located in the Teramachi Kyogoku shopping district, occupies a spacious 570 square meters across four levels. This expansion makes it more than double the size of its predecessor, which had just two floors. And this isn’t your typical Levi’s store in any standard shopping center or location. Through a combination of store design layout and locally tailored offerings, it makes a statement and aims to generate more sales from its community and beyond. ⬇ My comments featured below ⬇ "Levis’ localized strategy across the store experience and product mix could be the winning strategy that all retailers need to consider. But Levi’s must have exceptional product obsessed store associates on the shop floor to make this concept successful. I would love to see more retailers take this hyper localized + experiential approach to their stores but I am not sure they would make this investment. They are too concerned with reducing operating costs and most strategies today are reactive. Inventory management is still a top concern and until retailers can get their product assortment in check, their focus will not be innovating their stores." ➡ Checkout the discussion here: https://lnkd.in/eTbCq9qj #retail #retailwire #braintrust #retailnews #levis #stores #technology