Dive Summary:

• Popular clothing and apparel store Uniqlo opened its brick-and-mortar flagship store on Friday in one of Hong Kong’s busiest retail districts.
• The new store spans 3 levels with a total floor space of 37,000 sq. ft, and is a clear underlining of retail’s ongoing attraction with the Chinese retail market and exposure to the Chinese mainland.
• According to reports, the reason for the vast activity among retailers is due less to Hong Kong’s dense population and more because of the Chinese consumers who visit the city seeking lower sales taxes.

From the article:

Gap and American Eagle Outfitters opened shops in Hong Kong in 2011, and Forever21, another popular U.S. brand, opened a large store just a few steps from the new Uniqlo outlet last year. Abercrombie & Fitch’s flagship store, in the heart of the financial district of Central, opened last August. And Topshop, a British brand, is scheduled to open a large shop this summer, also in Central.