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Fast Retailing set make big splash with first Uniqlo in Indonesia

JIJI

Fast Retailing Co. is set to open its first Indonesian Uniqlo outlet in Jakarta on Saturday.

The two-story casual clothing outlet will be set up in Lotte Shopping Avenue in the Kuningan district and will be one of the largest Uniqlos in Southeast Asia. It will have a total floor space of 2,680 sq. meters.

“It is our pleasure to have an outlet in Jakarta,” Fast Retailing President and Chairman Tadashi Yanai said at a press conference here Thursday.

“I believe Jakarta will become a hub of the Association of Southeast Asian Nations and the Asian region as a whole,” he said.

With about 240 million people, Indonesia is the fourth-most populous country on Earth. Yanai said he is hoping to see middle-income expansion in the country.

“I’m very excited about the launch of the Indonesian store,” the enthusiastic chief said.

Yasuhiro Hayashi, market manager and chief operating officer of PT Fast Retailing Indonesia, said the retailer will takes things one step at a time.

“We first aim to successfully operate the first Indonesian outlet, and then plan to raise the number of Uniqlo stores in Indonesia to 10 at the earliest possible time,” he said, adding that the outlet will have around 200 employees.

After the press conference, Yanai said he was confident about expanding Fast Retailing’s operations in Southeast Asia.

“I believe we can grow as big in ASEAN countries” as in China and South Korea, he said.

In Southeast Asia, Fast Retailing has 23 Uniqlo stores, in Singapore, Malaysia, Thailand and the Philippines.

The ASEAN Economic Community, a trade bloc slated to be launched in 2015, could surpass China in size, Yanai said.