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Uniqlo Must Adapt for Its 17 and Counting US Stores to Profit

Uniqlo SF; Image via <a href="http://sf.curbed.com/archives/2012/10/03/take_a_look_at_the_west_coasts_first_uniqlo_store_opening_this_friday.php">Curbed SF</a>
Uniqlo SF; Image via Curbed SF

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Yesterday, Racked National cited a Business of Fashion report noting that in spite of a clear push into the US market, Japanese fast fashion retailer Uniqlo is not yet profitable in its 17 stateside stores. Don't mistake that for trouble though—its parent brand Fast Company hit ¥1 trillion (about $9.8 billion) in sales last year. However, a majority of its stores are in Japan while its US locations face different competitive hurdles (say Forever 21). Apparently, in addition to building its store roster—you may recall the company confirmed Boston expansion last month—Uniqlo also has plans to offer new merchandise specifically to the American market.
· Report: Uniqlo's 17 US Stores Aren't Profitable [Racked]
· All Uniqlo coverage [Racked Boston]