Tokyo, June 17, 2013 -- (ACN Newswire) -- Fast Retailing Co., Ltd. today announces the July 5, 2013 opening of two Grameen UNIQLO stores in Bangladesh, in another step towards the vision of a nationwide chain of Grameen UNIQLO locations across the country. The initiative is an aspect of Fast Retailing's long-term commitment to address poverty, hygiene, the environment, and educational and gender inequality in the rapidly developing nation.
The new Grameen UNIQLO stores are located in Dhaka, at 234/2 New Elephant Road and 41/8 Block C Banasree, and feature UNIQLO's signature "beauty in hyperpracticality" - tailored to the specific needs of Bangladesh. The stores offer a range of 32 items for men and ten for women, for between US$ 2.50 and US$ 15.50. Grameen UNIQLO produces the collection in Bangladesh using locally sourced materials, providing highly practical items in a range of colors made from soft and stretchy synthetic fibers (such as polyester and polyurethane) - made by locals, for locals.
Commenting on the announcement, Fast Retailing Chairman, President, & CEO Tadashi Yanai said, "We are pleased to announce today our next step in our long-term commitment to the rapidly developing nation of Bangladesh. 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."
To date, Grameen UNIQLO has focused on door-to-door sales in farming villages - offering affordable, quality clothing to people living below the poverty line. Through the new stores in Dhaka, Grameen UNIQLO creates local jobs and offers customers in Bangladesh's capital quality, comfortable, and affordable clothing.
Fast Retailing established UNIQLO Social Business Bangladesh Ltd. in September 2010, and the joint venture with Grameen Group's Grameen Healthcare Trust in August 2011.
For more information about Grameen UNIQLO, please visit: http://www.grameenuniqlo.com/
About UNIQLO and Fast Retailing
UNIQLO is a brand of Fast Retailing Co., Ltd., a leading global Japanese retail holding company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, GU, Helmut Lang, J Brand, Princesse tam.tam, Theory, and UNIQLO. With global sales of approximately 928 billion yen for the 2012 fiscal year ending August 31, 2012, Fast Retailing is currently the world's fourth largest apparel retail company, and UNIQLO is Japan's leading specialty retailer.
UNIQLO continues to open large-scale stores in some of the world's most important cities and locations, as part of its ongoing efforts to solidify its status as a truly global brand.Today the company has a total of more than 1,200 stores in 13 markets worldwide including Japan: China, France, Hong Kong, Malaysia, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, U.K. and U.S. UNIQLO operates an integrated business model under which it designs, manufactures, markets and sells high-quality, casual apparel. The company believes that truly great clothes should be supremely comfortable, feature universal designs, are of high quality and offer a superb fit to everyone who wears them.
With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. For more information about UNIQLO and Fast Retailing, please visit www.uniqlo.com and www.fastretailing.com .
For media queries, please contact:
Aldo Liguori/Oliver Ormrod
Corporate PR Department, Tokyo, Japan
Tel. +81 (0)3 6885 0960