Uniqlo to expand to Sweden
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Japan’s Fast Retailing plans to launch its Uniqlo clothing brand in Sweden with an initial store in Stockholm this year.
Taking on its rival H&M in its home market, it marks the cut-price brand’s debut in the Nordic region.
Uniqlo has fewer than 70 stores in all of Europe, and Fast Retailing CEO Tadashi Yanai says he wants to overtake H&M and Zara parent Inditex of Spain as the world’s top apparel retailer.
Questions & Answers
Q.Which company owns the Uniqlo brand?
Which company owns the Uniqlo brand?
Japan's Fast Retailing plans to launch its Uniqlo clothing brand. Fast Retailing is also mentioned as the company whose CEO wants to overtake H&M and Zara's parent company.
Q.Where will Uniqlo's first store in Sweden be located?
Where will Uniqlo's first store in Sweden be located?
Uniqlo plans to open its initial store in Sweden in Stockholm this year. This will mark the brand's debut in the Nordic region.
Q.What are Fast Retailing's global ambitions for Uniqlo?
What are Fast Retailing's global ambitions for Uniqlo?
Fast Retailing's CEO, Tadashi Yanai, aims for Uniqlo to surpass H&M and Zara parent Inditex to become the world's leading apparel retailer. This expansion into Sweden is part of that strategy.