Uniqlo UNIQLO clothing will be opened in Bangladesh stores

Bangladesh is the second largest garment producer in the world after China. The local textile and garment industry relies heavily on female workers, which account for as much as 80% of the total exports of the entire country. UNIQLO will open two stores in Dhaka, capital of Bangladesh, in the first phase. UNIQLO will work with local companies to set up branches in Bangladesh in order to attract the middle class in South Asia. Uniqlo parent company Fast Retailing Group and Nramel Peace Award-winning economist Yunus management Grameen Healthcare company, the first phase will open two stores in the capital Dhaka. The store will be run by a joint venture, Grameen Uniqlo. Although there are still tens of millions of poor people in Bangladesh, as many as 30 million in the middle class. The economy of Bangladesh has recorded a 6% increase over the past decade, which has led to the emergence of the middle class. Grameen Uniqlo said in a statement, "This is the first step we have in setting up a number of chain stores throughout the country and our aim is to provide locals with quality, comfortable and affordable clothing made by locals." UNIQLO announced in 2010 to work with Yunus to set up a garment-oriented social enterprise for the poor. Produced by the local women in their own home shop sales or home sales, the purpose is to help them financially independent. Profit from sales is re-invested to promote the development of related businesses. UNIQLO did not sign a global accord, like Zara or H & M, to secure factories in Bangladesh after it killed more than 1,100 workers in the collapse of the Dhaka Garment Factory building in April. It said in late May "Research" related agreement.

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