Uniqlo is still poised for world domination. Shin Odake, CEO of the Japan-based retailer, established a lofty goal a while back to take Uniqlo from a $12 million per year company to a $50 million per year company by 2020. Ecommerce should help!
At a Uniqlo press conference this morning (more on that later), Odake updated reporters on the company's latest moves towards that goal. "In order for us to achieve our goal by 2020, we need to expand globally outside of Japan and USA is an extremely important market for us," he explained. Last year, the company opened two more stores in NYC, including a gigantic, fancy flagship on 5th Avenue. This year, it plans to open a store in New Jersey in September, the first west coast store in October, and, to quote Odake, "Also, we plan to launch e-commerce." He also plans to "hire a lot of Americans" and "change our company to an American company from a Japanese company."
While it is not yet known exactly when the company will launch ecommerce, it sounds like it has solid plans to do so in the near future and since it's Uniqlo, we're sure it will be super sleek, high-tech, amazingly functional, and extremely beneficial to the company as well as Uniqlo devotees.