Uniqlo Financial News

The brand will open at Phoenix Marketcity, Kurla, Uniqlo and plans to open more stores outside North India. All it’s 10 store is in North India and the company is looking to set up a significant manufacturing presence in India through about 20 'production partners. “October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India. Until now, our customers in Mumbai have been using our e-commerce channel to shop for their LifeWear essentials, and we now look forward to welcoming them in person to our first Mumbai store,” said Tomohiko Sei, Chief Executive Officer, Uniqlo India. Uniqlo, Phoenix Marketcity Kurla, will be the 11th brick-and-mortar Uniqlo store in India. Uniqlo has more than 2,400 stores across the world.

New Delhi: Japanese apparel retailer Uniqlo is set to open its first store in Mumbai. The store, set to come up in Phoenix Marketcity, Kurla, is scheduled to open on 6 October. “We are delighted to be launching in Mumbai this fall...October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India.

The benchmark Nikkei 225 index lost 0.25 percent, or 83.82 points, to 33,338.70, while the broader Topix index slipped 0.01 percent, or 0.34 points, to 2,306.03. The dollar fetched 144.68 yen in Asian trade, against 144.44 yen seen Tuesday in London.

Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into their disposable income and a rocky stock market erodes their wealth.