The closure of the Union Square store comes at the same time that Uniqlo is closing its large Manhattan flagship store, and not long after it closed a large flagship in Seoul — signaling that the company may be shifting to a smaller-store strategy. This is just more bad news for the retail sphere in Union Square, where a reported 37 percent of retail space is now vacant.
Regarding Uniqlo's decision, retail broker Kazuko Morgan, who represents Uniqlo, tells the Business Times, "To me it's a bit surprising because I feel like the worst is behind us if you've made it this long and through the last year. Now in its 24th year, the San Francisco Transgender Film Festival STFF will begin on November 11 — and will continue to hold its title as the longest-running transgender film festival in the entire world. A neighborhood art event has returned, two candidates for State Assembly open Castro campaign offices, a neighborhood organization awarded grant funding, special events continue at the Castro Theatre, and holiday events are being scheduled.
Uniqlo is closing its Union Square store for good. Photo via Yelp. Please see our privacy policy for more information. To receive the Vogue Business newsletter, sign up here. What will it take for America to love Uniqlo?
For that to happen, the retailer needs to make a much greater impact in America. To win over American customers, Uniqlo US is leaning in on its well-established formula of functional, everyday clothing combined with localised stores and community engagement.
The question is whether that is enough. On paper, Uniqlo presents sizable competition, Saunders points out. Operating profit was up by The US and Europe were hard hit during Covid lockdowns. Uniqlo is under pressure to gain market share in the US, analysts say, requiring significant investment in more stores in strategic locations and increasing marketing to improve brand awareness. Tsukagoshi points out the sheer size of the US market, necessitating a certain degree of patience.
The popular Japanese-owned clothing retailer in the city's Union Square area is the company's first store on the U. West Coast. With few tourists coming to San Francisco amid a global pandemic and more people making purchases online, Union Square that has long been a West Coast shopping destination is struggling. The 35,square-foot Powell Street location opened in as the West Coast flagship store.
0コメント