Subject category:
Strategy and General Management
Originally published in:
2020
Version: 16-Dec-2019
Length: 16 pages
Data source: Published sources
Abstract
In 2006, Uniqlo entered the US market with New York Soho store, the brand’s first and signature global flagship store. CEO Tadashi Yanai had put in place ambitious goals for international expansion and he planned to reach USD10 billion in US annual sales by 2020. However, Uniqlo faced significant challenges in the US and it showed a sustained financial loss. Uniqlo was well known in large metropolitan areas, where global flagship stores were located, but its strategy of expanding into suburban shopping malls had consistently fallen short. As such, the company has been successful in Asia but had difficulty in replicating its successes in the US market. Yanai should develop a successful turnaround plan for struggling US stores. Could Uniqlo revamp its strategy and alleviate its struggles in the US market?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Geographical setting
Region:
Americas
Countries:
United States; Japan
Featured company
Fast Retailing
Employees:
10000+
Turnover:
JPY 1,786,473,000,000
Type:
Public company
Industry:
Fashion retail
Featured protagonist
- Tadashi Yanai (male), CEO
About
Abstract
In 2006, Uniqlo entered the US market with New York Soho store, the brand’s first and signature global flagship store. CEO Tadashi Yanai had put in place ambitious goals for international expansion and he planned to reach USD10 billion in US annual sales by 2020. However, Uniqlo faced significant challenges in the US and it showed a sustained financial loss. Uniqlo was well known in large metropolitan areas, where global flagship stores were located, but its strategy of expanding into suburban shopping malls had consistently fallen short. As such, the company has been successful in Asia but had difficulty in replicating its successes in the US market. Yanai should develop a successful turnaround plan for struggling US stores. Could Uniqlo revamp its strategy and alleviate its struggles in the US market?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Geographical setting
Region:
Americas
Countries:
United States; Japan
Featured company
Fast Retailing
Employees:
10000+
Turnover:
JPY 1,786,473,000,000
Type:
Public company
Industry:
Fashion retail
Featured protagonist
- Tadashi Yanai (male), CEO