Japan's Uniqlo opens Rome store as part of European expansion [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Reuters
, opens new tab to further accelerate growth in Europe and North America. Its second store in Italy and one of five new openings planned for Europe in the spring-summer season, the Rome shop is a milestone for the group and "the natural step to continue expansion," Mark Barnatovic, Uniqlo Italy COO said on Wednesday. The other openings include Nice, in southern France, Edinburgh and additional stores in Milan and London. In its latest results , Fast Retailing forecast record performances from both Europe and North America this year, after reporting higher-than-expected revenue and profit from the two areas. However, its ambitious growth moves in the West comes as sales in more mature markets, such as Japan, weaken. "We now have a very good reaction from our customers, in Italy and across Europe. Now is the right moment to expand, we feel that there is a lot of demand," Barnatovic told Reuters. The opening also leveraged on an increased appreciation for Japanese style and
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