Ltd. 46/81, Empire Building, 136/148, D.N. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Dutti is much more expensive and offers high quality silk, linen and cashmere. At the Mumbai press preview for Gap last week, I expressed to its India CEO, Oliver Kaye, that Gap had arrived five years too late. When Zara opened its first store in Delhi’s Select Citywalk mall five years ago, it caused a literal stampede. The Japanese fashion retailer, the third largest in the world by revenue, has landed in the country with the opening of its new 3,250 square meter store in New Delhi. Neither Delhi nor Mumbai can offer that. Digital Editor. Mumbai Unlimited access to all the content on any device through browser or app. Fashion columnist and consultant. Uniqlo operates over 2,200 outlets globally in more than 20 countries including China, the US, Europe, Australia and Southeast Asia, and the Tokyolisted Fast Retailing reported revenues of $19 billion and profit of $1.4 billion for fiscal 2018. Tomohiko Sei, CEO, UNIQLO India stated, “This October marks the one-year anniversary of UNIQLO in India and to celebrate, we are thrilled to announce the opening of two new stores. It cannot bank on its denim and khaki trousers alone if it wants to meet its target of Rs 500 crore in three years. namratanow@gmail.com, The Indian Express is now on Telegram. The recent expansion increased their store count to 38 stores including kiosks, across 9 cities in the country. Download The Economic Times News App to get Daily Market Updates & Live Business News. This story is oft repeated in the boardrooms of many western retailers with an eye on India. Japanese retailer Uniqlo on Wednesday announced it was launching three separate stores in India as part of its debut plans, coming at a time when the government proposes to ease local sourcing rules in … We have you covered, Covid 19 and nail hygiene: All you need to know, From Janhvi Kapoor to Deepika Padukone: Bollywood loves printed ethnic kurtis; here's proof, From Janhvi Kapoor to Deepika Padukone: Bollywood loves printed ethnic kurtis; here’s proof, Lata in ‘A Suitable Boy’: Tanya Maniktala’s style deserves your attention. The bottomline-chasing mass retailers will have to take a bigger risk. On July 5, Finance Minister Nirmala Sitharaman had said the 30 per cent local sourcing norms in single-brand retail would be relaxed as she sought to make India an attractive destination for foreign players. Here, 10,000-square feet (the size of Gap in Delhi) is considered huge. It stands to do well here — with a quieter investment and premium products. Uniqlo arrives in India. Kayman Ventures Pvt. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. India’s consumer landscape requires international brands to engage with the local community, rather than simply open stores, to be successful. Japanese fashion brand Uniqlo | fashion retailers, Viveat Susan Pinto | Japanese clothing retailer Uniqlo in Indonesia is set to launch new outlets in Batam, as well as Jakarta and Bekasi next month. 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Gap will have to introduce their high-quality lines at extremely easy prices to crack the Indian market. Stay on top of your investments. The Batam store, opening in the Grand Batam mall in Penuin, Lubuk Baja, will be the first Uniqlo in Indonesia to be located in the city. ... read more, Copyright © 2020 The Indian Express [P] Ltd. 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All rights reserved. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Even Marks & Spencer struggled to sell, until it began to stock products that were made in India, thus avoiding high taxes and bringing down prices.
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