Uniqlo to Enter Spain this Autumn
Uniqlo said Tuesday that it will open its first store in Spain this fall, located on the prestigious Paseo de Gracia in Barcelona. The country will become the 19thglobal market for the Japanese fast-fashion retailer, and the sixth market in Europe.
“Entering Spain is an important milestone in the expanding global business of Uniqlo, and we are very excited to launch in Barcelona,” said Tadashi Yanai, chairman, president and chief executive of Uniqlo’s parent company, Fast Retailing. “As a city that embraces design, innovation and creativity in everyday life, Barcelona is the perfect location to introduce our unique LifeWear concept—innovative, high-quality clothing that is universal in design and comfort, and made for everyone.”
The exact opening date of the Barcelona store has not yet been announced, but it will comprise approxiately 18,600 square feet of retail space spread across four floors. The store will carry Uniqlo’s men’s and women’s ranges.
Fast Retailing currently has a network of over 1,800 Uniqlo stores in 18 countries around the world, including 45 stores in five European markets. Yanai has said repeatedly that he aims to become the world’s number-one clothing retailer, and the company is persuing aggressive international expansion. In the autumn of 2016, Uniqlo entered the Canadian market with two stores in Toronto
In addition to Uniqlo, Fast Retailing is also growing the international presence of its even lower-priced brand, GU. That brand will make its first entry into the Hong Kong market this spring with stores in the Tsim Sha Tsui and Causeway Bay neighborhoods.
In January, Fast Retailing said first-quarter sales of Uniqlo International had declined by 0.2 percent, due mostly to the effects of a strong yen. “However in terms of local currencies, sales rose across all of Uniqlo international’s operations,“ the company said at the time.