Japanese retail giant, Uniqlo is going through it’s expansion into Australia with an estimated opening of 50 stores around Australia within the next three years. This is a huge commitment to the Australian market which is currently experiencing poor retail sales and an abundance of international retailers.
Uniqlo plans to open up to 100 stores eventually making it one of the biggest internal clothing retailers in Australia. Their goal is to have approximately 1 store for every 20000 people. CEO Tadashi Yanai said that Uniqlo will initially focus on Sydney, Melbourne and Brisbane.
Uniqlo also owns other brands such as GU and Theory which it intends to release into the Australian market.
Uniqlo is currently in negotiations for a number of stores in Brisbane and is hoping to open a presence there soon.