Japanese apparel retailer Uniqlo will open its first store in St. Petersburg at the Galereya shopping centre in December, the company reported yesterday. The store will have total area of more than 1,200 square meters on the first floor of the shopping centre, representatives of the retailer and Galereya said. Investment in the St. Petersburg store could range from RUB 10–20 million, Y-Consulting General Director Darya Yadernaya estimated.

Uniqlo is one of the few brands that continues to increase sales despite the crisis, Yadernaya said. The price/quality ratio makes the brand highly competitive and having production facilities in Japan, Bangladesh, Vietnam and China makes it possible to manage cross currency exchange rates and build a more flexible price policy. Whereas retailers have been forced to increase prices by up to 30% on average due to the currency exchange rate, the average price increase at Uniqlo had only been 12%, she added.

20 July 2015
St. Petersburg

Investor profile



Company's website:

T: +81-3-68650050

Public company

Contact: Tadashi Yanai, President and CEO

The company does business in 16 countries and regions and manages 1,500 stores under the Uniqlo brand.

In addition to Uniqlo, the group manages the GU and Theory apparel brands. It had a total of 2,753 stores under all brands as of the end of 2014. The company plans to open another 200 stores in 2015, including 100 stores in China.