UNIQLO Stores Continue To Expand In Mainland China

Since 2014, the traditional department store industry has been concentrating on the shops.

However, the fast fashion brand shop represented by UNIQLO, ZARA and H&M has been expanding rapidly in the Chinese market.

Recently,

The eleventh shops in Tianjin are officially open.

UNIQLO entered the mainland market in September 2002.

2015 in the first half of fiscal year (September 1, 2014 to February 28, 2015), its number of stores in mainland China has reached 340.

"The Greater China region and South Korea are the two major sources of growth power for UNIQLO," said Okazaki Ken, senior executive vice president and chief financial officer of the fast retailing group of UNIQLO parent company. "The share of overseas UNIQLO is expected to continue to soar."

Earlier this year, H&M also said it plans to open 400 new stores worldwide this year and refers to "continuing to expand existing markets, especially the United States and China".

By contrast, traditional department stores are closing in.

According to the "main retail business statistics" in 2014, the main retail enterprises (excluding home appliances and electrical appliances) have closed 201 stores in China.

This year, many other department stores in Tianjin, Beijing and other cities announced their business closure.

Speaking of

We have to say the quality problem of frequent exposure.

In 2014, relevant departments

Among the unqualified list, international fast fashion brands are frequently listed on the blacklist, including H&M, GAP, MANGO, FOREVER 21, ZARA and so on.

In spite of this, the exposure rate is still an enemy of the consumer's rate of payment.

In the first quarter of 2015 (up to February 28th), H&M sales reached 46 billion 790 million kronor, up 25% compared to the same period last year, and sales net profit rose 36% compared to the same period last year.

UNIQLO continued to maintain two digit growth in the first half of 2015, with a combined income of 949 billion 600 million yen, an increase of 24.2% over the same period last year.

GAP also stated: "Asia Pacific core China region, which accounts for 9% of revenue, remains the focus of the company's development."