JAPAN: United Arrows plans international launch
Uniqlo rival and clothing retailer United Arrows is to launch in Europe and the US after months of speculation, according to Tokyo-based retail consultants Japan Consuming.
United Arrows has confirmed it will launch in Europe and the US, starting next year. Taking advantage of the weak level of the yen, Japan's leading select shop operator will focus on its core strengths in suits and jackets, but with Japanese design details and prices at less than local luxury brands.
The Tokyo-based clothing chain operator, which offers a range of trendy apparel and lifestyle products, is considered as being the largest operator of so called "select" shops. It saw March same-store sales climb 6.5% on the year, thanks to strong demand for accessories.
Founded by former Beams staff, United Arrows will announce dates and the number of new overseas stores in the near future, a spokeswomen said. Meanwhile the company will sell about JPY3bn (US$0.026bn) worth of its own shares to Mitsubishi Corp to strengthen their alliance.
The Tokyo-based clothing chain operator said it will sell 1.63m of its own shares it currently holds to Mitsubishi for JPY1,843 per share. The transaction will give Mitsubishi a 3.41% stake in United Arrows.
By Michael Fitzpatrick.
Help test our new apparel sourcing tool.
Fast Retailing Co today (14 December) opens its first Uniqlo brand casualwear store in France, making this the fifth overseas market for the firm following the UK, China, South Korea and the US. The J...
Cost cutting and tight controls over inventory helped Gap Inc to a 21% jump in fourth quarter profit, but did little to stem sliding sales at the Gap and Old Navy chains....
Department store retailer Kohl's Corporation is planning conservatively for 2008 after posting flat net income levels for fiscal 2007....
Sports goods retailer Big 5 Sporting Goods Corporation recorded a slight sales fall in its fourth quarter, while same store sales dipped nearly 5%....
Limited Brands has lowered its February sales forecasts after posting an 11.6% drop in profit during the company's fourth quarter....
Sears Holdings Corporation has reported net income of $426m for the fourth quarter of 2007, compared with net income of $811m in Q4 last year, consistent with a fall in full-year profits at the retail...
Fast Retailing Co has increased its stake in Viewcompany Ltd and says it plans to make the women's footwear retailer one of its subsidiaries....
US retailer Dress Barn is scenting signs of recovery in the market despite announcing a 32% fall in first half net earnings to US$27m....
- What TTIP might mean for US, EU textiles & apparel
- Four steps to reduce product defects
- Geo-political uncertainty and how to survive it
- Adidas raises the bar for North America sales
- Finding value in fashion retail reverse logistics
- H&M, VF Corp and Levi among most ethical companies
- PVH Corp to acquire e-commerce retailer True&Co
- US Q4 in brief – Destination XL Group, Caleres
- Vietnam limits hazardous chemicals in apparel
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective