Casual clothing retailer Uniqlo plans to open stores in new markets, including Vietnam, Mr. Tadashi Yanai, founder and CEO of its parent, Fast Retailing, told Nikkei Asian Review. UNIQLO AEON Mall Long Bien debuted only three weeks after the opening of the UNIQLO Vincom Metropolis store. H&M Online is here, but can it compete with the big guys? H&M recycles old garments into new clothes via Looop program, H&M India sales face first decline ever due to Covid-19, Unlimited access to news,insights and opinions, Independent research reports and forecasts. Less than a month after the opening of the Ho Chi Minh’s second store at SC Vivo City, Uniqlo Vietnam is to launch another store in the country’s tallest building Landmark 81 this Friday (June 5). Japanese fast-fashion retailer Uniqlo is to open its third store in Ho Chi Minh City this week and will debut online in the Philippines. Uniqlo plans to double its number of stores in Southeast Asia and Oceania to about 400 by 2022, with an emphasis on stand-alone suburban stores meant to extend the brand’s reach beyond shopping malls. “UNIQLO Dong Khoi is our first store in Vietnam. 'https':'http')+'://btn.createsend1.com/js/sb.min.js?v=3';e.className='createsend-script';var s=document.getElementsByTagName('script')[0];s.parentNode.insertBefore(e,s);})(); During the event, key decision makers from Coty, Zenith & Montblanc shared their insights with Esterina Nervino (Retail in Asia) on the current r…, Uniqlo’s advertisement causes controversy in Korea, INTERVIEW: Grown Alchemist debuts in Singapore, Retail in Asia and The Great Room partner for event in Bangkok, Thailand, Translatio and Bluebell Group forge Asia-wide retail and distribution partnership, Bluebell Group announces partnership with Brunello Cucinelli in Taiwan, TUMI partners with The Langham Hotels & Resorts to promote sustainable travel, EXCLUSIVE INTERVIEW with Skechers about retail expansion amidst the pandemic, The Philipp Plein Group and the De Rigo Group partner for eyewear on a global scale, Panerai celebrates the 70th anniversary of Luminor with an exhibition in Hong Kong. The store, named Uniqlo Dong Khoi, will be located at the Parkson Saigon Tourist Plaza on the corner of Le Thanh Ton and Dong Khoi Streets in District 1, the Vietnam News Agency reported. Commenting on the opening of the store, Tadashi Yanai, UNIQLO Founder and Chairman, President & CEO of the Fast Retailing Group, said, “The opening of our first store in Vietnam represents a truly important step in the global development and expansion of our company. With the new expansion, Uniqlo Vietnam will directly compete with major fast fashion brands, including Zara and H&M, who launched in Vietnam two years ago and already have multiple outlets in both Ho Chi Minh City and Hanoi, Old Navy and Italian chain OVS.