UNIQLO to fashion expansion in India with two stores in Mumbai
Business Standard|August 17, 2023
Gets 15% of its sales in the country via online platform
SHARLEEN D'SOUZA
UNIQLO to fashion expansion in India with two stores in Mumbai

Japanese apparel retailer UNIQLO is planning to open two stores in Mumbai as part of the next phase of offline expansion in India, even as it is witnessing 15 per cent of its sales in the country via the online platform.

"Besides expanding our brick-and-mortar stores, we are aiming to maintain the online store portion at the same level. This, of course, differs month-on-month, based on seasonality and store openings," UNIQLO India CEO Tomohiko Sei told Business Standard in an interview here.

In FY22, UNIQLO India's sales stood at ₹389 crore against ₹236 crore in FY21, a rise of 65 per cent.

Esta historia es de la edición August 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición August 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
IndiGo stock takes off on rating upgrade
Business Standard

IndiGo stock takes off on rating upgrade

Elara Capital gives 'buy' rating after IndiGo's highest-ever traffic in November

time-read
3 minutos  |
December 27, 2024
Business Standard

Wait for NAV, price on exchange to converge before investing

Indian investors seeking to diversify their portfolios through overseas exchange-traded funds (ETFs) are paying a premium.

time-read
2 minutos  |
December 27, 2024
Business Standard

Multiple triggers for Vedanta stock

Vedanta’s stock is experiencing multiple positive triggers, primarily driven by favorable aluminium and zinc price trends. The company's demerger plans, while modified, are expected to unlock value and improve capital allocation. Key projects coming online in the next 12-18 months, including alumina refinery expansion and captive mines, are poised to significantly boost earnings.

time-read
2 minutos  |
December 27, 2024
Markets settle flat in muted trade
Business Standard

Markets settle flat in muted trade

Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows.

time-read
1 min  |
December 27, 2024
Business Standard

India Third-Best Performing Major Market in 2024

The domestic market capitalization has soared 18.4 percent to $5.18 trillion in 2024, adding $806 billion.

time-read
1 min  |
December 27, 2024
Business Standard

MP High Court stays Burmans' Religare open offer

In a strange turn of events, the Madhya Pradesh High Court's Jabalpur Bench has stayed the Burman family's open offer to acquire an additional 26 per cent stake in Religare Enterprises, and the company's annual general body meeting.

time-read
1 min  |
December 27, 2024
IPO Mopup Likely to Top ₹2 Trillion Mark Next Year
Business Standard

IPO Mopup Likely to Top ₹2 Trillion Mark Next Year

Fund mobilisation through initial public offerings (IPOs) will continue to rise in 2025 and the total amount is expected to breach the ₹2 trillion mark, investment banking firm Pantomath Group estimates.

time-read
1 min  |
December 27, 2024
Derivatives volume drops 37%
Business Standard

Derivatives volume drops 37%

Stricter trading norms help cool off speculative activity in December so far

time-read
2 minutos  |
December 27, 2024
Indian crypto investors ride Bitcoin, altcoin wave
Business Standard

Indian crypto investors ride Bitcoin, altcoin wave

The majority of crypto investors in the country have invested in mainstream virtual digital assets (VDAs) such as Bitcoins, altcoins like Dogecoin, Shiba Inu, and Ethereum, followed by non-fungible tokens (NFTs) and stablecoins, a compilation of year-end reports of crypto majors CoinDCX and CoinSwitch revealed.

time-read
2 minutos  |
December 27, 2024
28% OF LS SEATS HAD NO WOMAN CANDIDATE IN 2024
Business Standard

28% OF LS SEATS HAD NO WOMAN CANDIDATE IN 2024

The Election Commission of India on Thursday released 42 statistical reports for the Lok Sabha (LS) elections 2024.

time-read
1 min  |
December 27, 2024