FYI, Uniqlo has 63 retail stores in South Korea today and the Myeongdong Global Flagship Store will be the 65th store.
UNIQLO Opening Its Global Flagship Store in Myeongdong. It's the Biggest in Asia. Stay Tuned.11/8/2011 It seems like South Korea is an important market for Uniqlo considering that they opened 9 mega stores here last year. Uniqlo Korea has been growing by 60 percent every year since they started business in the Korean market. The biggest Uniqlo store in Korea until now is the one in I'Park mall in Yongsan. But, from November 11, it won't be the biggest anymore. The size of the Myeongdong flagship store is about 3,966 square meters and it has four floors. To celebrate this day, their denim pants will be only KRW 14,900 (USD 13.32) and cashmere sweaters will be discounted by 25 percent. Also from the 11th till 13th, their popular HEATTECH products will be half off, that means those will be only KRW 9,900 (USD 8.85). Plus, if you spend more than KRW 30,000 (USD 26.81) per day during these three days, you will get free lap blankets.
FYI, Uniqlo has 63 retail stores in South Korea today and the Myeongdong Global Flagship Store will be the 65th store.
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More visitors are coming from China, Japan and other parts of Asia, and there's a big demand for accommodation facility in Central Seoul. In response, 24 hotels have got approval for business promotion and 3,100 new rooms will be available in the near future. The landmark shopping mall in MyeongDong, Migliore is planning to change a hotel with 780 rooms. Basement and first two levels will be still a shopping place but level 3 to level 17 will be used as hotel rooms. The renovation will start in November 2011. M-Plaza is making a plan to renovate its leven 6~22 and make 320 rooms. First 5 levels will be still used for Zara & Forever 21. In Dongdaemun area, it's already happening. On level 18~20 in Cerestar shopping mall, Eastgate Tower Hotel has been open for business since 2008. Each room is equipped with kitchen facilities. There's a plan that they will turn the whole 22 levels into hotel facility. On Jongro 6-ga, another Marriott Hotel of 172 rooms is under construction and Seodaemun Art Hall will be changed into a hotel. The profitability of big clothing shopping malls is getting lower and considering the success of Ibis Ambassador MyeongDong (Room Occupancy Rate in 2010 was 96.8%), it seems that they have found a right answer. Singaporean SPA shoes & accessories brand, Charles & Keith has opened its first store in Korea at Noon Square Myeongdong. The brand is well-known for its trendy designs, comport especially for Asian women and affordable prices.
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