Clothing retailer Uniqlo believes its newest store in Sydney’s Chatswood may become one of its most profitable in Australia despite intense competition from global rivals H&M, Zara and TopShop.
Chatswood is one of Sydney’s most ethnically diverse suburbs and more than 30 percent of its residents were born in Asia – mainly China, Korea, Hong Kong, Taiwan and Japan, according to local government figures.
Chatswood residents are likely to be more familiar with the Japan-based retailer’s brand and products than residents of Indooroopilly in Brisbane, Miranda in Sydney or Eastwood in Melbourne, where Uniqlo has opened stores in the last year.