UNIQLO Said It Would Reduce Business Expansion In The US Market.

UNIQLO declined to comment on the report on reducing the scale of US operations and closed 5 US cities since January (2016).

According to an article published, the retailer, which owns 43 stores in the US, was laid off by slow sales and quietly closed five stores in early 2016.

Today (2016) April, Japanese retailers and UNIQLO parent fast selling companies cut almost half of their annual profit targets after the Japanese yen was stubborn. Japan's UNIQLO sales tended to be weak, leading to a 55.1% decline in the first half of the year.

For the 6 months ended in February 29th (2016), the total profit was 47 billion yen (equivalent to 434 million 800 thousand US dollars), while gross profit margin fell to 47.1% from 50.5% in the same period (2015).

However, (2015) revenue grew from 6.5% to 1 trillion and 10 billion in 949 billion 600 million yen.

UNIQLO brand owners fast marketing companies cut 2016 earnings outlook

The report claims that UNIQLO has closed stores in Cornell Dick Danbury, Cherry Hill in New Jersey, Willow Grove in Pennsylvania, Northridge and Staten Island in 5 California shopping centres, and opened less than three years in Staten Island outlet.

The company has expected to come from the UK.

Retailers Primark's "fierce competition", Primark is expanding its business expansion in the United States, has opened second and three stores in the Staten Island shopping mall and the Danbury Exhibition Center, one of which has just quit.

Primark continues to launch third stores in the US

UNIQLO spokesman Aldo Liguori told the New York post that the company focused on opening up large stores in the US metropolis as a strategy for expansion.

In fact, UNIQLO announced in June 27th this year that next (7) month will be the opening of the latest retail outlet at Disney Springs, Lake Buena Vista, Florida, Walt Disney World Park (Walt Disney World Resort).

UNIQLO first opened a new market in the southeastern part of the United States, covering an area of 25000 square feet (2300 square meters) across two sales floors and a full range of merchandise displaying the brand, as well as Disney style products.

XXX recently hired Christophe Lemaire, the creative director of Hermes, as the artistic director of the newly established UNIQLO Paris R & D center and UNIQLO U new product.