Is Japan’s Uniqlo the Next Great American Retailer?
From the Article:
“Uniqlo, the Japanese apparel retailer this week is opening a three-story, 89,000-square-foot flagship store on the corner of 5th Avenue and 53rd St. in Manhattan. The chain, which opened its first U.S. store in lower Manhattan in 2006, last year signed a $300 million, 15-year lease for the space, formerly the location of a Brooks Brothers store. It was reported to be the most expensive retail lease in New York’s history.
And Uniqlo is likely coming to a mall near you in the near future. “We are looking at real estate in different cities throughout the United States, and our intention is to open stores in every major city,” Shin Odake, Uniqlo’s U.S. CEO tells me in the accompanying video. The company has spoken of its desire to open 200 stores in the U.S.”
This is nice. I love this store. It’s what the Gap used to be, really nice, dirt-cheap, fashionable clothing!
