After the COVID-19 outbreak this year, Fast Retailing was forced to close its stores worldwide, suffering a nearly 40% drop in sales in the March-May quarter. Since opening an automated warehouse for e-commerce sales in Tokyo's Ariake district in 2018, it set up a second warehouse in Japan this year. Cookie Policy You can browse the entire product range and prices from Uniqlo’s HK & Macau website (www.uniqlo.com/hk). Opening Hours: Monday-Sunday 11am-12midnight "There is nothing that tops the original. Yuen Long, New Territories, Hong Kong The company is marketing "working from home" product lines on its websites and advertisements. "Sales and land prices do not correlate," he explained. 18 Sha Tin Centre Street, Shop 225, Level 2, New Town Plaza I Only once, in 2002, did Yanai step down to let Genichi Tamatsuka, a former deputy, take over the role of president. What's more, the flagship store offers limited flagship only items that are sure to delight and dazzle. Nikkei Inc. No reproduction without permission. CHESTERFIELD COATS . Tamatsuka left the company to eventually become the president of the Japanese convenience store chain Lawson. {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. www.uniqlo.com/hk, Uniqlo Sunshine City www.uniqlo.com/hk, Uniqlo PopCorn (Photo by Wataru Ito), Survival of the fitted: Japanese shoppers line up to buy Uniqlo's AIRism masks the day they went on sale, June 19. Inditex's quarterly sales declined by up to 44% this year, while H&M's dropped by up to 50%. 418 Kwun Tong Road, Millennium City 5, Shop No. www.uniqlo.com/hk, Uniqlo Maritime Square Causeway Bay, Hong Kong www.uniqlo.com/hk, Uniqlo MOKO www.uniqlo.com/hk, Uniqlo Lok Fu Plaza By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. It is also planning to open similar warehouses in other markets. The concept store brings together today's global culture of music, manga, movies, art and brands so that you can find the perfect graphic T-shirt to fit your style. Uniqlo last year entered Vietnam and India, which is seen as another potential growth driver for the company. Many queued for hours to buy them. Even as consumers globally become more selective, Fast Retailing "can still grow as one of the winners," he said. "As a family, Uniqlo is the brand we use the most," her 12-year-old daughter added. Kowloon, Hong Kong Kowloon Tong, Kowloon, Hong Kong Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm "The balance of quality and pricing has been taken well [by customers], leading to increasing share primarily in Asia. www.uniqlo.com/hk. To navigate the shift, "people who do business have to have historical perspective, or something like a worldview," said Yanai. Uniqlo currently has about 60 stores in North America and 100 in Europe. Besides, this flagship will have different exclusive products to brings suprises to shoppers.UNIQLO in Lee Theatre at Lee Gardens also features the world's second "UT Store in Store" after the debut in Ginza Flagship Store in Tokyo, Japan. women. UNIQLO is the largest casual wear brand which has grown to over 1100 stores worldwide. Eventually, he said that Uniqlo would be well-placed to become the global No. baby. Tsim Sha Tsui, Kowloon, Hong Kong Shatin, New Territories, Hong Kong (Photo by Ken Kobayashi) Fast Retailing has … "In India, we hire a lot of graduates, and everyone is so bright," he said. 280 Gloucester Road, Shop P501 Kensuke Kojima, a fashion retail consultant, also suggested that Uniqlo has an advantage over Zara and H&M in Asia because it is generally designed for Asian body shapes. Yanai's life has never been far from retail. "We are going to set up more stores than before," said Yanai. "Successful companies always emerge out of a crisis.". Hong Kong Macao Taiwan ... Blending reality: digital screens and physical locations at Uniqlo Harajuku. Other partnerships include one with knitting machine maker Shima Seiki Mfg. www.uniqlo.com/hk, Uniqlo Festival Walk 132 Nathan Road, Shop 2006, 2/F City-center stores have been important for attracting tourists, but "inbound tourists in the future may not shop as much as they used to.". Tuen Mun, New Territories, Hong Kong Uniqlo also makes quick adjustments to designs and production to reflect the latest sales trends, which means customers always get more of what they really desire. For some years it stuttered, before, supported by fresh hit items and an overseas expansion drive, Fast Retailing resumed growth, even through the 2008 global financial crisis. www.uniqlo.com/hk, Uniqlo Cityplaza The brand designs, manufactures, and retails casual wear for men, women, and kids & babies. www.uniqlo.com/hk, Uniqlo Citywalk Opening Hours: Monday-Sunday 10am-9:30pm Eerily ahead of fashion trends, the company's LifeWear has turned out to be uniquely suitable for this year's pandemic: breathable masks, quarantine-friendly sweatpants, cuddly Zoom-call-chic jersey T-shirts. "The fact that the coronavirus spread so fast is proof that the world is not divided," said Yanai. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm Ranked as Japan's richest man by Forbes, Yanai could probably afford more expensive clothes than those he is wearing. In the past, Yanai has expressed plans to retire at 65, and again at 70 -- but, at 71, he is still going strong. Please review our "Coronavirus is the center of the [consumer's] interest," said Yanai, eventually. The wearable warmth of our superbly soft sweaters made with seamless 3D Knit technology. Fast Retailing sees Asia as its growth driver. The number has already surpassed Japan in terms of directly operated stores, as well as overtaking the store counts of H&M and Zara in China. Since its beginnings, Fast Retailing's strength has always been to nail reasonable pricing for basic items, said Takahiro Kazahaya, a retail analyst at Credit Suisse Securities. Hung Hom, Kowloon, Hong Kong PERSONAL INFORMATION COLLECTION STATEMENT. 3 Lung Poon Street, Shop G101 & G101A, G/F For kids & babies, Uniqlo has products in four ranges (in addition to collections): boys (years 3+), girls (years 3+), infants (years 1-3), and babies (months 3-24). Kowloon, Hong Kong But three years later, Yanai had returned. By continuing to browse the site, you are consenting to their use. "Gone is the era when people strove wholeheartedly to enrich their material lives," he said. 8 Argyle Street, L5 Shop 12-15 Yanai's unyielding discipline and strongly-held principles have also been offputting. www.uniqlo.com/hk, Uniqlo Miramar 9 Tong Chun Street, Shop F99-102 E-commerce accounts for 11% of Fast Retailing sales for the fiscal year ending 2019, while it aims to raise the ratio to 30%. Ma On Shan, New Territories, Hong Kong (Photo by Ken Kobayashi), Uniqlo boosts investment in e-commerce in Japan and China, Uniqlo has more stores in China than Japan, Uniqlo gains on Zara for apparel market cap crown, Uniqlo mask: how customers made it happen, Uniqlo returns to Tokyo's fashion capital Harajuku, This is the Asian Century: Seven reasons to be optimistic about it, Muji slips into red after cruel summer in US and Europe, Uniqlo owner Fast Retailing sees Japan shopping recovery, Uniqlo chief pledges $93m for coronavirus research, Uniqlo flooded with customers for its 'cool and dry' masks, Under Armour faces off with Uniqlo in activewear masks, Don't kill the economy over the coronavirus, Uniqlo chief says, Uniqlo sits on $10bn pile of cash -- with no plans for acquisitions, Fast Retailing cuts annual profit forecast by 38%. 193 Prince Edward Road West, Shop 217-235 & 238, Level 2 "That is the same for virtual [online] stores.". Uniqlo has 782 stores on the mainland as of the end of September. This site uses cookies. Despite the star-crossed opening date, the sleek Harajuku store has done fairly well, with several shoppers milling around trying on clothes one day in October. www.uniqlo.com/hk, Uniqlo Lee Theatre Flagship Store ", "Everyone started thinking about life and death," he said. In a press conference last year, Yanai declared that the age where people bought clothes to fulfill their material desires has ended. The company's sales in the fiscal year ended August are forecast to total 1.9 trillion yen ($17.9 billion), a 13% drop from the previous year. www.uniqlo.com/hk, Uniqlo New Town Plaza This online merchant operates in HONG KONG SAR of China Privacy Policy | Terms and Conditions Store locator. Overall, the numbers have been surprising. Its store count has actually risen since mid-2019. © Reuters, Blending reality: digital screens and physical locations at Uniqlo Harajuku. "Physical stores that serve customers well would still grow," he said. 8 Chung Wah Road, Shop 178-179 & 191-192 The company’s low prices are made possible by having a business model that encompasses all the stages – from design and production to the final sale. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm Japan can be a bridge for both sides, he said, "but in the worst case, [Japan] would be a shield for the U.S. "But Yanai-san asks us what we need in order to do things he wants us to do.". UNIQLO group also owns brands COMPTOIR DES COTONNIERS, PRINCESSE tam.tam, g.u., HELMUT LANG, theory, and PLST. www.uniqlo.com/hk, Uniqlo Yuen Long Plaza Today, it is almost impossible to find anyone in his native country who has never shopped in Uniqlo. www.uniqlo.com/hk, Uniqlo Langham Place Diamond Hill, Kowloon, Hong Kong The brands "are reasonably priced, and they are useful especially since I haven't gone out as much this year," she said. Stay ahead with our exclusives on Asia; the most dynamic market in the world. Many fashion brands have been pushed by the pandemic to accelerate their shift to digitization and shut down bricks-and-mortar stores, including Fast Retailing's global competitors, Zara parent Inditex and Sweden's Hennes & Mauritz. Yanai told Nikkei last year he foresaw Southeast Asia sales eventually reaching the same level as China. Recently, Yanai, the 71-year-old chairman and chief executive of Fast Retailing, Uniqlo's parent, is sounding ever more confident that the zeitgeist has caught up with his original vision. As more consumers shift to buying online, Uniqlo is disadvantaged compared to Zara in the race to generate profits, Saito pointed out. After briefly working as a graduate in the supermarket chain now known as Aeon, in 1972 he moved into the clothing company founded by his father in the rural prefecture of Yamaguchi. For accessories & underwear, Uniqlo has heat-retaining innerwear (HEATTECH), air conditioning innerwear (AIRism), bras & camisoles, knickers, briefs & boy shorts, boxers, trunks & briefs, body shapers…. …sweatpants / track bottoms, shorts & cropped bottoms, and swim shorts. Those goals "must speed up, with or without the coronavirus," admitted Yanai. Political flare-ups in … The 3-floors UNIQLO in Lee Theatre at Lee Gardens is the 1st worldwide flagship store in Hong Kong. Stores in key cities such as New York, Milan, and Paris have been part of its global branding. Uniqlo's home market is saturated and shrinking as its aging population declines. The AIRism masks, for example, are some of the most successful and recognizable symbols of Uniqlo's branding genius. M-89, MTR Level In Japan, which is Uniqlo's biggest market, he said about one-third of over 800 stores would be "renewed" in terms of designs or locations. In 2013, he said: "It is impossible to resign from being president as we accelerate global expansion." SALE women men kids baby. 1 Yeung Uk Road, Shop 128, 137-146, 1/F A man in white suffers a head wound near a Uniqlo outlet in Causeway Bay, Hong Kong during one of the anti-government protests in 2019. "Most apparel makers just tell us to do things at low cost," a Japanese textile company told Nikkei. Unlikely style icon who is avowedly anti-style: "Gone is the era when people strove wholeheartedly to enrich their material lives," says Tadashi Yanai, CEO of Uniqlo parent Fast Retailing. www.uniqlo.com/hk, Uniqlo East Point City For Inditex, which has bigger sales than Fast Retailing, e-commerce accounted for 14% of total sales in fiscal 2019.