Retail in Asia

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Clothing chain Uniqlo opens record-breaking Tokyo store

The largest Uniqlo store in the world opened in Tokyo’s upmarket Ginza district on Friday morning, raising the stakes in the growing global market for clothing ranges that are fashionable yet reasonable.

The new outlet has 12 floors and a total retail space of nearly 5,000 square metres, making it the largest of the brand’s global flagship stores. Owned by Fast Retailing Co, Uniqlo already has flagship outlets in New York, London, Paris, Shanghai, Seoul, Taipei and Osaka.

The opening of the smart glass-and-chrome store mirrors Uniqlo CEO Tadashi Yanai’s vision for the company. In September, the firm announced that it is going to ramp up production to 5 billion items a year, open as many as 300 new stores globally every year and record net sales of JPY5 trillion (USD60.18 billion) a year by 2020.