Uniqlo targets Singapore for regional flagship

Uniqlo targets Singapore for regional flagship

SINGAPORE - Fast Retailing's Uniqlo clothing chain opens its first Southeast Asian global flagship store here Friday.

The goal is "to triple sales in Southeast Asia in just over five years," CEO Tadashi Yanai told a news conference Thursday.

The new store sits in a commercial complex on famed Orchard Road.

"It is one of the world's most high-end shopping streets, just like New York's Fifth Avenue," Yanai said. "It attracts many tourists," he added, expressing hopes of boosting Uniqlo's name recognition among people in neighbouring countries.

The store will occupy three levels, spanning approximately 2,700 sq. meters. And like a global flagship in Tokyo, it will sell about 500 products, aiming to lure 5.3 million customers a year.

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