According to WWD, they picked up a 29,000-square-foot lease on 111 Powell Street, which is also in the has been signed by the cult-followed brand, which is part of a multi-city expansion plan that is kicking off in S.F. For those in San Fran wondering where it’ll be exactly, it’ll be replacing the old DSW Shoe Warehouse, which currently sits across the street from H&M’s S.F. flagship.
And why San Francisco? Yasunobu Kyogoku, the company’s COO explains his decision to make S.F. the first U.S. city outside of NYC to get a Uniqlo boutique (NY has three and counting): “It’s the center of innovation, hi-tech, and software. It’s very important for us to be present in that market in a big way.”
Besides being the first Uniqlo in SF, the company will also be housing all their West Coast operations here as well. So it’s probably safe to say that those on the West (and across the country) can look forward to more Uniqlos opening as the company continues their vision to increase their recognition and hit their goal of $10 billion in North American sales by 2020.
Crossing my fingers that the production to open more stores will move quickly after SF!