Vietnam’s first-ever store of Japanese apparel retailer Uniqlo is scheduled to open in downtown Ho Chi Minh City (HCMC) by the end of 2019. Stand-alone suburban locations were key to the chain’s growth in Japan. The new store will feature the full global lineup of Uniqlo’s LifeWear along with products created by local artist to showcase the vibrant culture of the city. Commenting on the opening of the store, Tadashi Yanai, UNIQLO Founder and Chairman, President & CEO of the Fast Retailing Group, said, “The opening of our first store in Vietnam represents a truly important step in the global development and expansion of our company. Vietnam’s first-ever store of famous Japanese apparel retailer Uniqlo is scheduled to open in downtown Ho Chi Minh City by the end of the year. H&M Online is here, but can it compete with the big guys? The store also features Uniqlo’s latest collections including the Billie Eilish x … Japanese apparel retailer Uniqlo will open its first store in Vietnam by the end of the year, its largest in Southeast Asia. Considered one of Uniqlo’s largest stores in South East Asia, Uniqlo Dong Khoi will consist of three floors and cover a total area of more than 3,000 square meters. The store, named Uniqlo Dong Khoi, will be located at the Parkson Saigon Tourist Plaza on the corner of Le Thanh Ton and Dong Khoi Streets in District 1, the Vietnam News Agency reported. Source: Uniqlo. Last August, Uniqlo Vietnam established its business with a capital of US$8.8 million. H&M recycles old garments into new clothes via Looop program, H&M India sales face first decline ever due to Covid-19, Unlimited access to news,insights and opinions, Independent research reports and forecasts. Commenting on the opening of the store, Tadashi Yanai, UNIQLO Founder and Chairman, President & CEO of the Fast Retailing Group, said, “The opening of our first store in Vietnam represents a truly important step in the global development and expansion of our company. Hanoi will have three Uniqlo outlets when the two stores are inaugurated. Besides Thailand, Uniqlo’s presence in the region covers Australia, Indonesia, Malaysia, Singapore and the Philippines. 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The first store is set to open next year in Delhi. 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Vietnam’s first-ever store of Japanese apparel retailer Uniqlo is scheduled to open in downtown Ho Chi Minh City (HCMC) by the end of 2019. The brand will collaborate with local artists and innovators to introduce special products that reflect the vibrant culture of HCMC and Vietnam in general. Also CEO of Uniqlo India, Mr. Hatase said the Indian market has the potential to become the next China - Uniqlo’s biggest market outside of Japan. The venue will provide the full global lineup of Uniqlo’s LifeWear, which features high-quality, functional, affordable, and innovative clothing designs for men, women, and children of all ages. Follow Retail in Asia on Facebook, Twitter and LinkedIn. A kids zone will be designed to enhance family shopping experience. (Sources: Tuoi Tre News; Vietnam Express International). Meanwhile in the Philippines, the fast-fashion brand says it will launch online in the second half of this year. Uniqlo “has gained a certain level of recognition, so the timing is right,” he said. I believe UNIQLO Dong Khoi is a wonderful symbol of that commitment and I look forward to delighting customers in the store,” said Osamu Ikezoe, Chief Operating Officer and General Director, UNIQLO Vietnam. While Mr. Hatase said that Southeast Asian markets still have plenty of room for more store openings in shopping malls, Uniqlo’s new focus on stand-alone locations marks a change in its regional expansion. Reaching 400 stores will put Uniqlo well ahead of leading competitors Zara and H&M in terms of bricks-and-mortar presence in the region, unless they are able to match the chain’s growth. Casual clothing retailer Uniqlo plans to open stores in new markets, including Vietnam, Mr. Tadashi Yanai, founder and CEO of its parent, Fast Retailing, told Nikkei Asian Review. Everyone from grandparents to children come to the stand-alone stores, he said, adding that as the market starts to mature, consumers want the same shopping experience they can get in big cities but closer to their communities. With the new expansion, Uniqlo Vietnam will directly compete with major fast fashion brands, including Zara and H&M, who launched in Vietnam two years ago and already have multiple outlets in both Ho Chi Minh City and Hanoi, Old Navy and Italian chain OVS. UNIQLO is a well-known brand in Southeast Asia, but it wasn't always the case in Vietnam. “We want to have stores in all countries [in the region], especially Vietnam, Laos and Myanmar,” said Mr. Satoshi Hatase, Group Senior Vice President at Fast Retailing. The Japanese retailer aims to triple revenue generated in the region to 300 billion yen ($2.7 billion) in year ending August 2022, up from 100 billion yen ($906.7 million) last fiscal year. Less than a month after the opening of the Ho Chi Minh’s second store at SC Vivo City, Uniqlo Vietnam is to launch another store in the country’s tallest building Landmark 81 this Friday (June 5). (Photo: UNIQLO) UNIQLO AEON Mall Long Bien debuted only three weeks after the opening of the UNIQLO Vincom Metropolis store. Vietnam is the sixth country in South East Asia that the brand has set up shop, Uniqlo’s arrival in Vietnam is sure to intensify competition between foreign brands like Zara and H&M. Occupying a 2000sqm area, the Uniqlo Landmark 81 store features the brand’s LifeWear products for males, females and kids. Occupying a 2000sqm area, the Uniqlo Landmark 81 store features the brand’s LifeWear products for males, females and kids. The company has been talking to real estate brokers and developers to identify locations. Situated at one of Hanoi’s busiest commercial zones, AEON Mall Long Bien is UNIQLO’s sixth store in Vietnam. 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Casual clothing retailer Uniqlo plans to open stores in new markets, including Vietnam, Mr. Tadashi Yanai, founder and CEO of its parent, Fast Retailing, told Nikkei Asian Review. Less than a month after the opening of the Ho Chi Minh’s second store at SC Vivo City, Uniqlo Vietnam is to launch another store in the country’s tallest building Landmark 81 this Friday (June 5). “UNIQLO Dong Khoi is our first store in Vietnam. The store, named Uniqlo Dong Khoi, will be located at the Parkson Saigon Tourist Plaza on the corner of Le Thanh Ton and Dong Khoi Streets in District 1, the Vietnam News Agency reported. We wish to learn more about the culture and history of Vietnam, and we look forward to growing with the nation’s people and businesses, working together with them to deliver innovative, top-class products and services to customers in Vietnam and around the world.”.