Japanese Company Uniqlo plans to launch its third store in Madrid, Spain. The brand currently operates two stores in Barcelona. It will open its Madrid store three years after it forayed into the Spanish market. The store will be located in the former El Jardin de Serrano shopping mall and span over 1,500 sq m and is located in the former El Jardín de Serrano shopping mall.
The company plans to open this department store in partnership with El Corte Ingles, one of the largest fashion distributors in Spain and the main stop for international operators who want to gain insight in the country. In 2017, the group’s revenue was 4.9 billion euros with this sector, above what Inditex entered in Spain in the same year.
Together with groups like Levi’s, Ralph Lauren or Esprit, which rely on department stores in their international expansion, or luxury brands such as Dior, Bottega Veneta or Dolce&Gabbana, in El Corte Inglés also operate brands that, like Uniqlo, concentrate the bulk of its distribution in retail.
