Japanese casualwear chain Uniqlo is looking for stores in London up to three times its current average size.
The retailer, which has 13 stores averaging 10,000 sq ft, all in the Southeast, is seeking stores from 20,000 sq ft to 30,000 sq ft. It will close some of its smaller stores as it opens the larger formats but it has yet to decide which ones.
Uniqlo will open a 20,000 sq ft store in east London shopping centre Westfield Stratford next year and earlier this month opened its first store outside London at Bluewater in Kent. It is understood its long-term plans include expanding across the country.
Earlier this month, Uniqlo’s Japanese parent, Fast Retailing, said it anticipated operating profit would fall 14.3% to ¥113.5bn (£885m) for the year to August 2011 in the face of tougher global competition.
Property agent Harper Dennis Hobbs acts for the retailer.