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Uniqlo's Growth Spurt

Japanese apparel retailer Uniqlo has some ambitious growth plans going forward. Recently, the chain's owner, Fast Retailing Co., announced it plans to open anywhere from 200 to 300 Uniqlo stores worldwide over the next nine years.

A story on ApparelNews.net notes:

The goal is to raise revenue from $6.5 billion annually to reach $65 billion in sales by the year 2020—numbers that would, in fact, outpace its rivals Gap and Spain's Inditex, which owns Zara.

Uniqlo made its debut in the U.S. in the mid 2000s, opening a store in New York City's SoHo and in several New Jersey malls.

Recently, the retailer launched a 5,000-square-foot pop-up store on 42nd Street near Bryant Park, and in a week's time, it will open a 64,000-square-foot store on 34th Street and an 89,000-square-foot store on Fifth Avenue and 53rd Street.

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