Japanese fast-fashion retailer Uniqlo is in advanced negotiations to open a 35,000 square foot store at Toronto's Yorkdale Shopping Centre, according to the Financial Post. Uniqlo is also negotiating to open other Canadian stores, the first of which could open as early as 2016.
Uniqlo's negotiations with Yorkdale “are pretty advanced,” according to one source familiar with the talks. The same source says that Uniqlo intends to open both mall-based as well as street-front stores in Canada.
Yorkdale Shopping Centre is in the process of leasing out retail space in a new wing that will be anchored by a 191,000 square foot Nordstrom store. Uniqlo could end up in the new wing alongside Nordstrom, according to lease plans provided by Yorkdale landlord Oxford Properties.
The Financial Post reports that Uniqlo formalized its Canadian trademark in August of 2013, possibly in anticipation of opening Canadian stores.
Last week we reported that according to multiple sources, Uniqlo would open in Canada via Nordstrom. Nordstrom spokesperson John Bailey denied this claim.
Source: Financial Post