Japanese Retailers Find Foothold in India's Growing Market
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Japanese retailers are entering India's market due to a growing middle class and appreciation for quality goods. Brands like Uniqlo, Muji, KAI, and Wacoal have recently opened stores.
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Uniqlo in particular is seeing success, turning a profit in India after 3 years. Their clothes appeal to young Indian consumers who value practical, minimalistic style.
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Some Japanese firms have partnered with Indian companies to aid their understanding of the local market. Wacoal and Muji have successful joint ventures.
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Japanese brands emphasize product localization and communicating their minimalism and quality to Indian consumers.
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While price sensitivity has been a hurdle in the past, brands are now focused on building a consumer base before raising prices.