Economy

Markets

Industries

Insights

Reports

Events

Uniqlo to open 24 more stores in China by end-June

(Agencies)
Updated: 2009-04-16 19:54

Uniqlo, a casual clothing chain operated by Japan's Fast Retailing, plans to open 24 stores in China before end of June, bringing the total number to 45, its top executive at the China branch said on Thursday.

Related readings:  Coach completes acquisition of retail business in China  Battered luxury brands eye Chinese market for growth

Pan Ning, managing director of Fast Retaling (China) Trading Co, said the company aimed to expand the number of stores in the country to 100 "in the short term", without giving a specific time frame.

Sales at China's stores jumped 100 percent each year in fiscal years 2007 and 2008, Pan told a press conference.

Fast Retailing has just launched an online store, partnered with China's e-commerce giant Alibaba Group, hoping to attract more customers from vast regions with no brick-and-mortar stores.