UNIQLO is in talks of leasing out retail space at Toronto’s Yorkdale Shopping centre.
Retail Insider reports that the negotiations for this deal are pretty advanced and will see UNIQLO’s entry into the Canadian market through the planned 35,000 square foot store.
The Japanese fast-retail brand has had success in its expansion in Asia, France, the U.K. and the U.S. and seeks to open stand-alone as well as mall-based stores in Canada by 2016.
“Uniqlo is one of the finest fashion retailers on the planet and it has refined and fine-tuned its offering to an unprecedented level within the fast-fashion community,” said Anthony Stokan, partner at Toronto-based shopping centre consultancy Anthony Russell and Associates.
UNIQLO is said to be occupying the same wing as Nordstrom, who will be occupying 191,000 square feet in the same area.