Uniqlo owner Fast Retailing to open first GU discount clothing store in U.S. [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
The store will open in the SoHo neighborhood of New York City in what will be the brand's debut outside of the Asian market, Fast Retailing said in a statement. The company has opened about 450 GU outlets since 2006, mostly in Japan. Fast Retailing is planning an aggressive growth strategy across North America, a market that has become increasingly important as sales in China suffer from ongoing COVID-19 lockdowns. Reporting by Rocky Swift; Editing by Jan Harvey Our Standards: The Thomson Reuters Trust Principles.
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