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Market Chatter: Uniqlo Targets More Than 100 Indian Stores by 2031

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Fast Retailing's (TYO:9983) Uniqlo plans to expand its India footprint fivefold to over 100 outlets within five years, focusing on major cities like New Delhi, Nikkei Asia reported on Friday, citing sources familiar with the matter.

Currently operating 20 stores since entering India in 2019, the brand will balance imports with local manufacturing to comply with sourcing rules, the publication said.

Chairman and CEO Tadashi Yanai sees India's 1.4 billion population as offering immense potential for future cash flow, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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