High Street fashion brand Uniqlo launched two outlets in Bangladesh last week, a move towards a larger Indian presence.
Uniqlo, owned by Japan’s Fast Retailing Co, teamed up with Bangladesh’s Grameen Bank for the expansion into the country.
Fast retailing stated the move was a “step towards the vision of a nationwide chain” of Grameen Uniqlo locations across India.
Both of the 1,000 sq ft st stores are located in Dhaka and feature collections “tailored to the specific needs of Bangladesh” customers.
The stores offer a range of 32 items for men and ten for women. The collections are made in Bangladesh using locally sourced materials, providing “practical items” in “soft and stretchy” synthetic fibres with the tagline “made by locals, for locals”.
Fast Retailing chairman, president, and chief executive Tadashi Yanai said the move was part of the company’s “long term commitment to the rapidly developing nation”.
He added: “We reinvest any profits to grow the business, and help to address challenges related to poverty, hygiene, and education. Our aim is to nurture independence and self-sufficiency, and to contribute toward raising the standard of living in Bangladesh.”