Japan'S Leisure Clothing Brand UNIQLO Wants To Become The World'S Largest Retail Apparel Brand.

Japanese casual wear brand

Integrated media reported in September 14th that it was the operator of Uniqlo's casual wear chain store.

Tadashi Yanai, CEO, said at a news conference that the company plans to open 200 to 300 stores a year in the market outside Japan, in order to catch up with competitors such as Gap Inc. and Zara in the next three years.

At the launch of the latest strategy press conference, Tadashi Yanai, chief executive of Fast Retailing, said that if possible, they would achieve the goal of opening new stores within one year or two years, and achieve this goal in three years at the latest.

As the highest sales clothing retailer in Japan, most of the new stores launched by UNIQLO are located in the booming Asian market, including 100 new stores in China every year, 100 new stores in South Asia every year, 50 new stores in Korea every year, and 30 new stores in Taiwan, China every year.

UNIQLO also plans to open 20 new stores a year in the US and Europe.

Ryui Masa said they hope to become the number one clothing retailer in Asia and eventually become the number one place in the world.

Xun Group expects that the number of middle-income consumers in Asia will grow 1 billion to 2 billion in the next 10 years.

The group is also considering opening new stores in India, Australia, New Zealand and South America.

XXX opened 840 UNIQLO chain stores in Japan, opened 180 UNIQLO chains outside Japan and regarded overseas areas as a key factor in its growth.

Despite the economic stagnation and the shrinking population of Japan, although other Japanese retailers have the same ideal as fast retailing companies, their expansion rate is not as fast as that of UNIQLO.

The fast retailing company said it plans to achieve its sales target of 1 trillion and 700 billion yen (US $22 billion) in the fiscal year ending August 2015, further moving towards its long-term goal - the annual sales income of 5 trillion yen (US $65 billion) in the fiscal year ending August 2020.

The company's sales revenue in the current fiscal year is estimated at 1 trillion yen (US $13 billion).

But in terms of store size, the company still has some distance from the world's largest retailer.

As the operator of Zara casual wear chain store, Spain Inditex has more than 5000 stores in 78 countries, while the US Gap company also has 3200 stores worldwide.

Ryui Masa once said last week that in the fiscal year ended August 2012, every new store of fast marketing company will contribute about 2 trillion yen in annual sales.

Fast Retailing plans to open at least 100 UNIQLO clothing chains outside Asia.

It is promoted to the largest garment retailer in the world.

It is reported that the world's largest clothing retailer, Spanish Zara brand Inditex SA currently has more than 5000 stores in 78 countries, while the US apparel brand Gap has more than 3200 stores worldwide.