Uniqlo, the expansion-minded Japanese apparel retailer, on Friday will open its largest store in the world, an 89,000-sq.-ft. flagship on Fifth Avenue. The three-level store reflects the chain’s ambitious designs on the United States and also the changing nature of Fifth Avenue, which is experiencing an influx of moderately-priced retailers.
Uniqlo is looking to grow its business to $50 billion by 2020. U.S. expansion figures into its strategy.
“We see great potential in the United States,” said Shin Odake, CEO, Uniqlo USA. “By 2020, we hope to open stores in major cities across the country.
Designed by the cutting-edge Japanese firm Wonderwall, the new Uniqlo is sleek and futuristic. It is massive in scale, with 100 fitting rooms, 45 checkouts, 100 LCD and LED screens, four glass elevators and an escalator that takes customers from the entry directly to the third level, which is the main selling floor.
“It’s a futuristic design that shows the future of Uniqlo,” said Shin Odake, CEO, Uniqlo USA. “We think it will become an iconic location for Fifth Ave,”
[via Chain Store Age]