Uniqlo is a Japanese company which makes apparel and accessories for guys and girls typically suitable for the young generation. The clothes are designed in such a way that they imbue in themselves the Japanese values of simplicity and elegance. Uniqlo make warm and light clothes that has the best quality fabrics and can be purchased by people belonging to all economic class.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
H&M or Hennes and Mauritz is a Swedish multinational clothing company. It operates in 60+ countries with over 130000 employees across the world. The H&M company was founded in 1947 and is headquartered in Stockholm.
Gap Inc is an American clothing and accessories retailer centered in California, USA. It was founded in 1969 by Donald Fisher and Doris Fisher. It operates in Global specialty apparel retail industry.
Gucci is an Italian luxury fashion house. It belongs to the French fashion giant Kering group. It was founded by Guccio Gucci in 1921 in Florence, Italy.
Zara is one of the leading fashion clothing and accessories brand. It was founded in 1975 by Amancio Ortega and Rosalia Mera. Zara belongs to the Inditex group.
5. American Eagle Outfitters:
American Eagle Outfitters (AEO) is an American clothing, accessories, and personal care products retailer. The first of its retail stores was opened in 1977 in Michigan, United States. It was originally founded as a subsidiary company of Retail Ventures Inc.
6. Abercrombie and Fitch:
Abercrombie and Fitch, USA was founded almost 125 years ago with a motive to come as a pioneer in the field of style statement. The brand has in ways of motivating the youth in adopting a new style of dressing. A&F has not only influence the people’s way of dressing but also built a sense of fashion.
Having started its journey as online book seller, Amazon.com now can be called as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company offering ecommerce, Prime Video, Amazon Music, AWS, Amazon Pay etc.
To conclude, the above article highlights the various competitors which compete with Uniqlo. This understanding helps to evaluate the various external business factors for any company.
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