UNIQLO registered sales of USD 8,183.09 Million in Japan in 2020
UNIQLO recorded a historical growth (CAGR) of 0.57% between 2017 to 2020
Market analysis
The Japanese apparel retail market has performed weakly in the historic period, with sluggish growth rates in 2017 and 2019, and a decline in growth in 2018. The market declined again in 2020 due to the impact of the COVID-19 pandemic. Looking forward the market is expected to make a strong recovery in 2021, followed by moderate growth over the remainder of the forecast period. The Japanese market has been severely impacted by the COVID-19 pandemic.
The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g., VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
Japan Apparel Retail Industry category segmentation
Market distribution
Clothing, Footwear and Accessories Specialists form the leading distribution channel in the Japanese apparel retail industry, accounting for a significant share of the total industry's value. Department Stores accounts for a further hold in the Industry.
Uniqlo Co Ltd
Uniqlo Co Ltd (Uniqlo), a subsidiary of Fast Retailing Co Ltd, is a retailer of clothing products. The company's product portfolio includes apparel and accessories for men, women and children. It offers outer wear clothing products including wool, down, jackets and court, parka and blouson, warm bread, jogger pants, jeans, long pants, cap hat tie sunglasses, scarf neck warmer, globe, towel handkerchief and blankets. Uniqlo offers women’s clothing products such as warm bread, jogger pants, jeans, leggings pants, long pants, uncle cropped, gaucho pants, skirt, sukantsu and skirt. The company also markets room wear and pajamas, and room shoes for men. It operates major stores in China, Taiwan, South Korea, Thailand, France, the UK and the US. Uniqlo is headquartered in Yamaguchi, Japan.
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