Business
2024-04-09-1-uniqlo-is-booming-overseas

Plotting the Japanese brand’s global expansion

We ‘Qlo again

Japanese clothing brand Uniqlo, known for its range of high-quality basics to satisfy all of your “normcore” needs, is attempting to properly crack the American market again, with plans to open over 20 stores across North America in 2024 as part of its goal to reach more than 200 stores throughout the continent by the end of 2027.

As of parent company Fast Retailing’s latest count, there are just 59 Uniqlo branches in North America, after the retailer made a conscious effort to retreat in recent years, shutting stores in the region and taking time to learn what American shoppers really want (shoulder bags and crop tops, apparently).

That was a rare faux pas for a fashion brand that’s been growing rapidly since the first Uniqlo, back then the Unique Clothing Warehouse, opened its doors in Hiroshima 40 years ago. Thanks to its semi-utilitarian offerings, viral products like its immensely popular cross-body bag, and a catalog of impressive collaborations with everyone from Alexander Wang to Keith Haring, Uniqlo has carved out a slice of the market that’s way too big to be considered a niche.

Today, the brand is one of — if not the — leading fashion retailers in Japan, with ~800 stores across its native country, and its international expansion has been equally rapid… even with a few hiccups in the US. Since 2005, when its first US store opened, Uniqlo International revenue has skyrocketed: sales abroad outstripped sales in Japan for the first time in 2018, growing to ¥1,437bn (~$9.5bn) by 2023, largely thanks to China and other Asian nations.

More Business

See all Business
Hollywood Exteriors And Landmarks - 2025

1 year into the Switch 2, we might’ve seen the top of the console market

The Switch 2 launched on this day in 2025. Amid a rough year for consoles, Nintendo has logged a good one.

business

GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Stacked Cars in Parking Lot

With gas prices soaring, the humble sedan is making a comeback

Recent US sales data reveals a “sedanaissance” among major automakers like Honda, Hyundai, and Toyota.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.