Fast Retailing Co. Ltd, one of Japan’s apparel majors, is considering the Indian market as its new ground for retail expansions and will open stores of its flagship brand ‘Uniqlo’ in a few months’ time.
According to the company, Fast Retailing is now planning to open Uniqlo in Russia and targets India in its next plan. It also plans to expand its retail network to South Korea and China.
The company also expects to achieve an annual revenue of around USD 9.2 billion from overseas markets by 2010, which is 40 per cent higher than that of the current fiscal.
