Uniqlo records Rs 2.2 crore sales in first two days in India
today Oct 9, 2019
Japanese fashion retailer Uniqlo recorded Rs 2.2 crore ($331,000) in sales during its first two days retailing in India after launching its first store in the country in New Delhi on October 4.
Uniqlo’s sales totalled Rs 2.2 crore from October 4 to 5 with sales from October 4 alone totalling Rs 1.2 crore, sources told ET Bureau. The business launched in India with a brick-and-mortar store opening in New Delhi.
The store opened in the capital’s Ambience Mall in Vasant Kunj and measures 35,000 square feet. The store has three floors and stocks a selection of Uniqlo’s men’s women’s, and children’s wear as well as accessories. The store also retails the exclusive collaborative collection with Rina Singh that features kurtas designed for the Indian market in Uniqlo’s signature minimalist aesthetic.
A Uniqlo spokesperson told ET Bureau that they were "thrilled with the response from Indian customers, especially with the feedback our store received directly over the opening weekend." The sales are not the highest ever for a garment retailer’s entry into the Indian market but are significant as they come at a time of economic slowdown in the country.
Two more store openings are planned for Uniqlo’s initial phase of its India expansion plan. The next two store openings will take place in Saket’s DLF Avenue Mall and Gurugram’s DLF CyberHub over the coming months.
Uniqlo is owned by the Tokyo-based business Fast Retailing and was founded by Tadashi Yanai. The business currently retails in over 23 countries.