Uniqlo’s Mumbai push: Two new stores in October
Reliance Retail Ltd earlier this year. In FY22, Uniqlo India’s income surged 64% from a year ago to ₹391 crore, data sourced from financial intelligence platform Tofler showed. The retailer is yet to disclose its FY23 financials.
Uniqlo is widely known for its casual clothing and warm fleece jackets. “In Delhi, growth is very good; in Lucknow also sales are increasing. In the Punjab area, we are in Elante Mall in Chandigarh, and every month it is grossing very well." Meanwhile, Uniqlo is also actively looking at more production partners as it plans to ramp up sourcing from India, Sei said.
To be sure, Uniqlo had been sourcing cotton shirts, inner-wear and loungewear from India even before it established retail operations here. “Our manufacturing in India started even before our retail business. Since our store opening in India, we have increased the pace of manufacturing.
The concept of the business is not just to make money via retail; we also want to increase high-quality jobs in India. Product manufacturing in India is one of the pillars of our business here. So we are looking for many partners in India," he added.
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