Uniqlo confirms next Aussie location
The store will cover a sales area of 792 square metres, and will be the global Japanese retailer’s fourth store in Queensland, and 13th store in Australia.
Located in the northern suburbs of Brisbane, the new store will cover a sales area of 792 square metres and stock the Japanese retailer’s full range.
“Since opening our first store in Queensland in 2015, we’ve received a very positive response from local shoppers who have loved the wide range of every-day products and innovative fabrics that we sell,” said Kenji Tsuji, chief operating officer, Uniqlo Australia.
“It made sense to continue to expand our presence in the region, and we are thrilled to be able to make the Uniqlo brand more accessible for shoppers across Queensland.”
The global fast fashion chain said the retailer’s 13th store in Australia ‘underlines the brand’s commitment to growing Australia as a key market in the Asia-Pacific region’.
Uniqlo’s parent company, Fast Retailing, recently saw its profits soar 80 per cent during its second quarter.
The company reported a group operating profit of ¥42.1 billion (US$385.8 million) in the three months to March, on the back of international expansion.
First-half revenue also rose, along with operating profit. Consolidated revenue reached ¥1.0175 trillion (up 0.6 per cent year-on-year) while consolidated operating profit rose 31.5 per cent to ¥130.6 billion. The consolidated gross profit margin improved 1.5 points.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Take a peek inside The Holiday Lab, Luxury Escapes' latest pop-up, which aims to cure people's post-vacay blues… https://t.co/y3gmsfcMoT15 hours ago