www.uniqlo.com/hk, Uniqlo Tai Po Mega Mall HONG KONG, 3 March 2013 - UNIQLO announces today that its newest global flagship store, the UNIQLO Lee Theatre Store, is set to open its doors to stylish and discerning Hong Kong shoppers on 26 April 2013. All rights reserved. City-center stores have been important for attracting tourists, but "inbound tourists in the future may not shop as much as they used to.". In a press conference last year, Yanai declared that the age where people bought clothes to fulfill their material desires has ended. 7-27 Canton Road, Shop 3231-2, Level 3, Gateway Arcade Every inch is carefully designed, from the fabric, to … Previous item. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm That allows it to work with textile makers more closely, to mass-produce exclusive materials for low prices. Shatin, New Territories, Hong Kong English | Français. 1 Yeung Uk Road, Shop 128, 137-146, 1/F "If we could sell mass volumes of casual clothing for both men and women, that would be a huge success." In June, Japan same-store sales, including e-commerce, grew by 26% year on year. For accessories & underwear, Uniqlo has heat-retaining innerwear (HEATTECH), air conditioning innerwear (AIRism), bras & camisoles, knickers, briefs & boy shorts, boxers, trunks & briefs, body shapers…. Its store count has actually risen since mid-2019. L3-Xsite M-89, MTR Level Only once, in 2002, did Yanai step down to let Genichi Tamatsuka, a former deputy, take over the role of president. Its parent company Inditex generated $31.5 billion in revenue and 4 billion dollars in net profit in the fiscal year ended in January, while Fast Retailing generated $20.7 billion in sales and $1.4 billion in net profit in the fiscal year ended in August 2019, based on Quick-FactSet data. Operating an Asiawide business can be fraught. This site uses cookies. This impressive new store will span three floors and boast over 37500ft2 of shopping space in the Lee Theatre, located in the centre of Causeway Bay's fashionable shopping district. Tamatsuka "wanted steady growth, but I want more transformation and growth," said Yanai at the time. www.uniqlo.com/hk, Uniqlo Citywalk Causeway Bay, Hong Kong Rather than just isolating people, COVID-19 made "people realize that unilateralism, or bilateralism, is not good," he said. Zara." "Successful companies always emerge out of a crisis.". Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm 99 Percival Street, G/F, B1 and B2, Lee Theatre Kowloon, Hong Kong kids. Yanai is also hopeful about Asia for hiring talent. (Photo by Ken Kobayashi) Fast Retailing has … "In India, we hire a lot of graduates, and everyone is so bright," he said. Many queued for hours to buy them. 18 Taikoo Shing Road, Shop 401, 4/F One woman who had traveled into Tokyo from the neighboring Saitama Prefecture said that, despite buying fewer clothes after the coronavirus outbreak, she has still been spending on Uniqlo for her family -- T-shirts, pajamas, padded Bra Tops and technical Heattech items. Today, it is almost impossible to find anyone in his native country who has never shopped in Uniqlo. www.uniqlo.com/hk, Uniqlo Harbour City {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. Unlike earlier times when people dressed to impress others, he said, people now want clothes that allow them to live "a high-quality lifestyle. www.uniqlo.com/hk, Uniqlo Olympian City © Reuters, Blending reality: digital screens and physical locations at Uniqlo Harajuku. Yanai's unyielding discipline and strongly-held principles have also been offputting. www.uniqlo.com/hk, Uniqlo Lee Theatre Flagship Store Eventually, he said that Uniqlo would be well-placed to become the global No. The brands "are reasonably priced, and they are useful especially since I haven't gone out as much this year," she said. The company uses Amazon services such as for cloud computing, but there is little benefit for Uniqlo in becoming one of the many brands on others' online malls, he said. "Physical stores that serve customers well would still grow," he said. The brand designs, manufactures, and retails casual wear for men, women, and kids & babies. 83 Tuen Mun Heung Sze Wui Road, Shop No. Uniqlo saw phenomenal success in cultivating the loyalty of Japanese customers, but room to grow there is limited. The AIRism masks, for example, are some of the most successful and recognizable symbols of Uniqlo's branding genius. "We are close to all of them," said Yanai, referring to Amazon and also to China's Alibaba Group. Opening Hours: Monday-Sunday 10am-10pm 132 Nathan Road, Shop 2006, 2/F Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm Nikkei Inc. No reproduction without permission. Yanai has "set a clear mission for the company to provide cheaper and more functional clothing for everyone of all ages, and has been doing what it needs to achieve that. www.uniqlo.com/hk, Uniqlo V City Monthly sales have increased through September, which showed growth of 10%. (Photo by Ken Kobayashi), Uniqlo boosts investment in e-commerce in Japan and China, Uniqlo has more stores in China than Japan, Uniqlo gains on Zara for apparel market cap crown, Uniqlo mask: how customers made it happen, Uniqlo returns to Tokyo's fashion capital Harajuku, This is the Asian Century: Seven reasons to be optimistic about it, Muji slips into red after cruel summer in US and Europe, Uniqlo owner Fast Retailing sees Japan shopping recovery, Uniqlo chief pledges $93m for coronavirus research, Uniqlo flooded with customers for its 'cool and dry' masks, Under Armour faces off with Uniqlo in activewear masks, Don't kill the economy over the coronavirus, Uniqlo chief says, Uniqlo sits on $10bn pile of cash -- with no plans for acquisitions, Fast Retailing cuts annual profit forecast by 38%. defense.". Opening Hours: Monday-Sunday 11am-11pm Recently, Yanai, the 71-year-old chairman and chief executive of Fast Retailing, Uniqlo's parent, is sounding ever more confident that the zeitgeist has caught up with his original vision. Japan, and its businesses, cannot afford to take sides. While the company had plans by 2013 to open 200 stores in the U.S. by 2020, it is struggling to turn profit in the country and has around 50 so far. You can browse the entire product range and prices from Uniqlo’s HK & Macau website (www.uniqlo.com/hk). "Most apparel makers just tell us to do things at low cost," a Japanese textile company told Nikkei. for a seamless "3D Knit" collection, and it has successfully raised design quality by releasing regular collections with top designers including Christophe Lemaire and Ines de la Fressange. © UNIQLO CO., LTD. ALL RIGHTS RESERVED. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm 1 in terms of revenue, but said it is still well behind Zara in profitability. Many wonder where Uniqlo's relentless drive would go should he step back. 33 Wai Yip Street, Shop Unit 301B, Telford Plaza II "Sales and land prices do not correlate," he explained. Uniqlo products are not sold on the U.S. Amazon e-commerce platform. Uniqlo, on the other hand, is yet to announce closures. By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. At the Harajuku store, there are over 200 displays that show style suggestions and items offered by Uniqlo both in-store and online. E-commerce accounts for 11% of Fast Retailing sales for the fiscal year ending 2019, while it aims to raise the ratio to 30%. …sweatpants / track bottoms, shorts & cropped bottoms, and swim shorts. Photo: Sam Tsang . 33 Tsing King Road, Shop 108C, 1/F Mongkok, Kowloon, Hong Kong Uniqlo's items are cheaper compared to Zara's trend-following items. For kids & babies, Uniqlo has products in four ranges (in addition to collections): boys (years 3+), girls (years 3+), infants (years 1-3), and babies (months 3-24). Tuen Mun, New Territories, Hong Kong Despite the star-crossed opening date, the sleek Harajuku store has done fairly well, with several shoppers milling around trying on clothes one day in October. (Photo by Wataru Ito), Survival of the fitted: Japanese shoppers line up to buy Uniqlo's AIRism masks the day they went on sale, June 19. For some years it stuttered, before, supported by fresh hit items and an overseas expansion drive, Fast Retailing resumed growth, even through the 2008 global financial crisis. Japanese clothing brand Uniqlo operates a chain of 24 stores in Hong Kong, with the Lee Theatre shop (99 Percival Street) being a flagship location. Besides, this flagship will have different exclusive products to brings suprises to shoppers.UNIQLO in Lee Theatre at Lee Gardens also features the world's second "UT Store in Store" after the debut in Ginza Flagship Store in Tokyo, Japan. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm While the U.S. and Europe are full of competitors that sell low-priced basic items, emerging markets are still new battlefields with no clear winners. China has also long been a major production hub for Fast Retailing and is also a key market. A man in white suffers a head wound near a Uniqlo outlet in Causeway Bay, Hong Kong during one of the anti-government protests in 2019. Kowloon Bay, Kowloon, Hong Kong www.uniqlo.com/hk, Uniqlo PopCorn www.uniqlo.com/hk, Uniqlo Whampoa Garden Unlikely style icon who is avowedly anti-style: "Gone is the era when people strove wholeheartedly to enrich their material lives," says Tadashi Yanai, CEO of Uniqlo parent Fast Retailing. After briefly working as a graduate in the supermarket chain now known as Aeon, in 1972 he moved into the clothing company founded by his father in the rural prefecture of Yamaguchi. 2 Tuen Lung Street, Shop 2001-2011, 2021-2023, 2/F Tsuen Wan, New Territories, Hong Kong www.uniqlo.com/hk, Uniqlo New Town Plaza "Japan is in the middle of it," said Yanai. Opening Hours: Sunday-Thursday 11am-10pm, Friday-Saturday 11am-11pm "[Coronavirus] is a big crisis for companies all over the world, but it is also a big chance," he told Nikkei Asia. It is also planning to open similar warehouses in other markets. Uniqlo apm For Inditex, which has bigger sales than Fast Retailing, e-commerce accounted for 14% of total sales in fiscal 2019. 18 Hoi Ting Road, Shop UG40-45, Upper Ground Floor, Olympian City 2 ", "Everyone started thinking about life and death," he said. 80 Tat Chee Avenue, Shop L101 Even as consumers globally become more selective, Fast Retailing "can still grow as one of the winners," he said. Hung Hom, Kowloon, Hong Kong Next item. Japanese clothing brand Uniqlo operates a chain of 24 stores in Hong Kong, with the Lee Theatre shop (99 Percival Street) being a flagship location. As of the end of September, Uniqlo had 251 stores in Southeast Asia, India and Australia. There will be some adjustments to its physical stores as the retailer faces the pandemic, according to Yanai. Inditex recently announced plans to reduce up to about 700 stores, while H&M also said in October it plans to reduce total store count by about 250 in 2021. UNIQLO group also owns brands COMPTOIR DES COTONNIERS, PRINCESSE tam.tam, g.u., HELMUT LANG, theory, and PLST. "Gone is the era when people strove wholeheartedly to enrich their material lives," he said. The success of Harajuku is also part of a plan to continue embracing physical stores while blending it with the digital world. Uniqlo last year entered Vietnam and India, which is seen as another potential growth driver for the company. Kwun Tong, Kowloon, Hong Kong In the 37,500 fts store, shoppers will be able to browse full collections for infants to adults, which come in a wide variety of selections that satisfy different needs of every individual. From the stores, you can purchase, for example, special collection clothing, ultra light down outerwear, coats, blazers, casual jackets, cashmere knitwear, extra fine merino knitwear, cardigans, casual shirts, smart shirts…, …silk shirts, oxford shirts, dresses, sweatshirts, graphic print t-shirts & sweatshirts, long sleeve t-shirts, short sleeve t-shirts, tank tops, polo shirts, jeans, chinos & casual trousers, smart trousers….