Japanese apparel brand Uniqlo will make Turkey its production hub for the exports to Europe. Uniqlo produces a billion units a year. Now, It’s planning to boost production to five billion units. Uniqlo is the third largest company globally on a sectoral basis.
Turkey will become Uniqlo’s fifth production hub in the world following India, China, Americas and Southeast Asia. The group is targeting sales worth $50 billion in 2020 and hopes to open a ,1000 stores a year. It currently reaches customers through 1,427 stores in 16 countries. Its business volume in 2013 was $14 billion while growth was at of 20 per cent on an annual average. The group has seven brands. The major one is Uniqlo, which accounts for a 30 per cent share in the group.
Fast Retailing is the parent company of Uniqlo, Theory, and J Brand. Uniqlo started as a chain of suburban roadside stores in Japan. In Japan alone the company operates over 840 stores. It has over 400 stores in Greater China (Mainland China, Hong Kong and Taiwan). The company has a relatively small European presence: one in Germany, 10 stores in the UK, 8 stores in France and five stores in Russia.
www.uniqlo.com/
