Last updated : May 11, 2018 10:17 am
With its 2000 stores in 19 markets world over, Japanese fast fashion brand Uniqlo is poised to enter India in 2019 and will set up their debut store in the country in Delhi. It is noteworthy that the Indian retail market welcomed 4-5 noted Japanese brands in last two years.
Government of India’s decision to allow 100% FDI in single-brand retail earlier this year had cleared the path for international brands to set up retail stores in the country. Amongst other foreign retailers, mass furniture retailer Ikea will soon open their retail store in Hyderabad. Interestingly, a number of Japanese brands like Muji, Miniso, Kai and Onitsuka Tiger have entered Indian retail market in last couple of years. A senior veteran from the industry shared, “Japanese professionals have a trend of following their peers when it comes of business expansion.”