Japanese apparel brand UNIQLO opened its 18th store in India on Friday in Pune, marking a part of its nationwide expansion strategy. UNIQLO is a subsidiary of Tokyo-based Fast Retailing Co., which is the third-largest apparel retail company in the world. Among the eight brands in the Fast Retailing Group, UNIQLO holds the largest market share. The brand has a presence in NCR, Chandigarh, Mumbai, Bengaluru and now Pune.

The brand launched its first store in India in Gurgaon in 2020 and has since expanded to 18 locations. Kenji Inoue, the Chief Financial Officer and Chief Operating Officer of UNIQLO India, stated that India is viewed as a high-potential market, similar to Southeast Asia.

UNIQLO register 60% CAGR

The company has achieved a compound annual growth rate (CAGR) of 60% and ha

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