Fast Retailing Co. Ltd announced yesterday in China that it will open Asia’s first UNIQLO global flagship store in Shanghai on May 15, 2010, following New York, London and Paris. The fourth Uniqlo flagship store.

Fast Retailing Co. Ltd announced yesterday in China that it will open Asia’s first UNIQLO global flagship store in Shanghai on May 15, 2010, following New York, London and Paris. The fourth Uniqlo flagship store.

All indications are that new changes have been taking place in China's awareness of garment manufacturers and retailers, who have been successfully promoted by founder Liu Jingzheng.

Previously, relying on purchasing fabrics and processing from China, Uniqlo has become the single largest brand in China. The company’s senior executives also admitted to this reporter on April 7, 2010 that Fast Retailing Group had 85% of its production capacity in China and that the Uniqlo established has sent a cumulative total of 500 million products to the world. This is what Uniqlo holds.” The principle of “low price, quality, and style” has maintained a fairly good profit margin. In the economic crisis since 2008, the Group has maintained a good performance and shareholder return.

The company's 2009 annual report shows that the company did not experience a decline in key financial data such as sales revenue and net profit, but it has continued to grow over the previous two years.

The company's return on net assets still reached 19.1% in 2009, close to the historic high of 19.7% in 2006. In the five-strong sales force of global specialty garment manufacturers and retailers, the sales growth of UNIQLO ranked fifth was even higher than Inditex.SA's ZARA and Hennes & Mauritz's H&M, and the latter two were ranked in the top five of the sales scale. the third.

In order to continue to maintain a good growth rate, China may become a major market for sales groups following the Japanese home market.

“Uniquku not only purchases a large number of products from China, but also has plans to speed up the opening of stores in China.” Mr. Pan Ning, the CEO of the Fast Retailing Group, revealed on April 7, 2010 that he had received interviews with Ben Wang. “Our goal is to realize the scale of 100 stores in China in the next two years.” As of April 7, 2010, Uniqlo’s Uniqlo has opened 47 stores in mainland China, including high-end stores. The brand THEORY) has 13 stores in the Hong Kong area. Together with the online shop on Taobao, Uniqlo has a total of 61 stores in the Chinese market.

On September 30, 2002, Uniqlo’s first store opened in Shanghai.

Penning also revealed that the headquarters of the Group has plans to add a R&D center for fabric development and design in Shanghai this year. “The difference between UNIQLO and other garment manufacturing and retail companies is that we emphasize the combination of basic and fashion models. We have both the basic necessities and the pursuit of fashion elements. Both markets can be relevant. So, the future The R&D center established in China will work with fashion centers in design centers that were established mainly in New York and Tokyo. At the same time, Shanghai will be closer to the place of manufacture. This will allow the market to respond more quickly." Collaborate to complete Uniqlo's pursuit of quality and style.