There Is An Even Cheaper Uniqlo Offshoot And It's Coming to the US [TheStreet.com]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: TheStreet.com
It is for the U.S. to lag behind a trend that is in Asia -- before popularity with American teens brought in record profits and looming IPOs, social media platform TikTok and fast fashion site Shein already had billions of users in China. Fast Retailing's ( ) Uniqlo was also a several decades before the first American location opened in New York's SoHo in 2006. In the fifteen years that followed, the casual clothing brand expanded to over 60 stores across the U.S. and Canada and over 1,500 worldwide. Items like the have also become a mainstay in many people's closets. You've Heard Of Uniqlo, But Not of GU But despite Uniqlo's popularity, few North Americans know that it has an even more casual and affordable offshoot. GU (pronounced "gee-you" and sounding like the word for "freedom" in Japanese) started out in South Korea in 2018 and is also owned by Fast Retailing. While Uniqlo clothes are known for their minimalist aesthetic, GU sells more playful clothes at even lower prices
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