For many Torontonians, a trip to New York used to also mean a trip to Uniqlo, the Japanese cheap-chic clothing retailer that had yet to make its way north of the border. But that's about to change, with two Toronto locations to open next year.
The International Business Times reports:
The stores will be in the city’s Yorkdale Shopping Centre and at the Toronto Eaton Centre. The first is a 24,000-square-foot shopping haven, while the second is 28,000 square feet. Both Japanese cheap-chic fashion stores will be launched in the fall of 2016.
Uniqlo’s announcement comes after days of Target Canada’s closure after two years of doing business in the country. Target is closing all its 133 stores in Canada, leaving 17,000 without jobs and a $5 billion debt to creditors, suppliers, and even taxes to the federal and provincial governments.
Target Canada’s experience is surely going to be inserted into the book of lessons for all retailers wanting to set shop in Canada. Jeffrey Berkowitz, president of retail specialist Aurora Realty Consultants Inc., told the
Globe and Mail that the Japanese merchant will enter the Canadian retail scene along a different route. For one, they intend to enter the scene slowly but surely, making expansions as the need arises.
“They’re not looking at a mass approach,” Berkowitz said. His company advises Uniqlo on store locations in Canada. It was basically the same approach Uniqlo made when it first entered the U.S. in 2006. From its flagship store in New York, Uniqlo now has almost 40 stores in the U.S.
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Source: International Business Times.
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