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Uniqlo's plans to
take over the world open 200 stores in the US by 2020 seem to be on track. The company just announced a series of management hires, including the addition of COO Larry Meyer, whom they nabbed from fast-fashion competitor Forever 21. Said Meyer: "I'm very excited to join Uniqlo and to be a part of the company's next phase of growth in the U.S. Uniqlo's unique commitment to clothing innovation through technology offers distinct opportunities for growth."
WWD speculates that Meyer is uniquely positioned to assist Uniqlo's growth in the US, as he helped Forever 21 expand from 100 stores to more than 500 during his time there, and launched spin-off brands like XXI Forever and the accessories-focused line For Love 21. In other words, get ready for a full-court fashion press.
· Uniqlo's U.S. Exec Moves [WWD]
· Is Uniqlo Having a Fashion Identity Crisis? [Racked]