In contrast the Uniqlo content in third fourth fifth and sixthtier cities is much lower with many cities having only one Uniqlo store. Data source UNIQLO official website In the past years or so UNIQLO has focused on firsttier cities because of its strong commercial radiation capabilities The four major cities of Beijing Shanghai Guangzhou and Shenzhen have a strong influence on the commercial activities of surrounding cities and regions driving the economic development of BeijingTianjinHebei metropolitan area Yangtze River Delta metropolitan area Pearl River Delta metropolitan area and other regions.
The Pearl River Delta metropolitan area dominated by Guangzhou and Shen Armenia WhatsApp Number zhen was once the key development area of UNIQLO. In Pan Ning CEO of UNIQLO Greater China said in an interview with a reporter from Nandu Uniqlo has more than stores in Japan with annual sales of approximately US billion. The population of Guangdong Province is similar to that of Japan with more than million people but they have less than stores in Guangdong. At that time Japan was deep in deflation and consumers were tightening their wallets. On the contrary China was enjoying the joy of consumption upgrades and consumers were willing to try new things.
China's firsttier cities and the metropolitan areas they radiate are enjoying the dividends of accelerated urbanization accelerated population inflow increased consumer spending and improved consumer quality. Now that the consumption upgrade dividend dominated by China's firsttier cities for nearly years has passed UNIQLO has once again turned the wheel and sailed to third and fourthtier cities. What opportunities can it seize? A stronger hit effect? mainly comes from the second half of the year sales in Greater China were sluggish in the first half due to the impact of the COVID epidemic but performance in the second half of the year rebounded beyond expectations. Uniqlo's official website announced the Sales Evaluation for Fiscal Year showing monthly sales performance and evaluation.