In its efforts to seek greater presence in North America, Fast Retailing Co. plans to open GU’s maiden store in the US.
The new store in Soho (New York) will mark the debut of GU outside Asia where the brand already has around 450 apparel stores.
GU might be new to the US, but Fast Retailing isn’t! The Japanese retail group has several Uniqlo stores across the country.
Fast Retailing is eyeing North American market in a big way and intends to have as many as 200 stores there in next 5 years.
Here it’s noteworthy to mention that sales of GU apparel and accessories totalled US $ 1.9 billion last fiscal year, which is 12 per cent of the total revenue of Fast Retailing.
Founded in 1973, GU is a Japanese discount casualwear designer, manufacturer and retailer.
