Uniqlo expands in Korea as No-Japanese boycott wanes

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Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, ttracting budget-conscious consumers amid the protracted inflation as Koreans' boycott against Japanese goods and travels waned.FRL Korea Co., which operates Uniqlo stores in South Korea, said on Friday it reopened an outlet within Dundun, a shopping complex in Dongdaemun, Seoul, after four years.

Fashion industry officials forecast Uniqlo to rake in more than 1 trillion won ($760 million) in sales in South Korea in 2024 for the first time in five years.

It marked its second outlet opening this month after launching its largest offline store in South Korea within Lotte World Mall in eastern Seoul early this month.

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Article Details

Category: Economy

Markets: South KoreaJapan

Topics: Sales Koreans Billion Uniqlo Korea Store South Japanese Seoul Fashion Stores

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 20:28:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22750217

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