Hundreds of people formed a long line along bustling Zhongxiao E Road in Taipei yesterday morning, waiting for the grand opening of Japanese clothes giant Uniqlo’s flagship store in Taiwan.
The Japanese casual wear designer, manufacturer and retailer opened its sixth flagship store in the world in Taipei yesterday.
It is the first of six stores it is planning to launch within two months in Taipei. As of 10am, more than 700 diehard fans of the brand were ready to snap up the clothes once the store opened.
Photo: Pan Shao-tang, Taipei Times
Huang Yu-ting, 24, who happened to have a day off, arrived at about midnight for a place at the head of the line.
Waving her “No. 1” card with a smile, Huang said that her “main target” was a down jacket, adding that her budget for the day was about NT$5,000 to NT$6,000.
Uniqlo’s flagship store occupies the first three floors of the 12-story Ming Yao Department Store (明曜百貨), which also held a grand opening yesterday after seven months of renovation.
Uniqlo’s billionaire founder Tadashi Yanai and Uniqlo Taiwan Ltd chief executive Kousaka Takeshi attended the opening ceremony.
They said they were delighted at the opening and promised to provide top-level service as a way of thanking their customers.
Due to the large crowds at the grand opening of Taiwan’s first Uniqlo store, also in Taipei’s east district, in October last year, the company asked about 500 staff to be on duty yesterday.
When the first Taiwan Uniqlo store opened, 2,500 customers lined up and 7,000 people visited the shop on the first day.
The 3,630m2 flagship store at Ming Yao with 39 fitting rooms and 45 cashier counters is the biggest Uniqlo store in the country,.
Uniqlo casual wear is popular among local young consumers and at present the company has two outlets in Taiwan.
Earlier, Takeshi announced that Uniqlo was launching a plan next year to open 30 outlets each year in Taiwan. The goal is to eventually have 100 outlets around the country.
SPEED OF LIGHT: US lawmakers urged the commerce department to examine the national security threats from China’s development of silicon photonics technology US President Joe Biden’s administration on Monday said it is finalizing rules that would limit US investments in artificial intelligence (AI) and other technology sectors in China that could threaten US national security. The rules, which were proposed in June by the US Department of the Treasury, were directed by an executive order signed by Biden in August last year covering three key sectors: semiconductors and microelectronics, quantum information technologies and certain AI systems. The rules are to take effect on Jan. 2 next year and would be overseen by the Treasury’s newly created Office of Global Transactions. The Treasury said the “narrow
SPECULATION: The central bank cut the loan-to-value ratio for mortgages on second homes by 10 percent and denied grace periods to prevent a real-estate bubble The central bank’s board members in September agreed to tighten lending terms to induce a soft landing in the housing market, although some raised doubts that they would achieve the intended effect, the meeting’s minutes released yesterday showed. The central bank on Sept. 18 introduced harsher loan restrictions for mortgages across Taiwan in the hope of curbing housing speculation and hoarding that could create a bubble and threaten the financial system’s stability. Toward the aim, it cut the loan-to-value ratio by 10 percent for second and subsequent home mortgages and denied grace periods for first mortgages if applicants already owned other residential
EXPORT CONTROLS: US lawmakers have grown more concerned that the US Department of Commerce might not be aggressively enforcing its chip restrictions The US on Friday said it imposed a US$500,000 penalty on New York-based GlobalFoundries Inc, the world’s third-largest contract chipmaker, for shipping chips without authorization to an affiliate of blacklisted Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯). The US Department of Commerce in a statement said GlobalFoundries sent 74 shipments worth US$17.1 million to SJ Semiconductor Corp (盛合晶微半導體), an affiliate of SMIC, without seeking a license. Both SMIC and SJ Semiconductor were added to the department’s trade restriction Entity List in 2020 over SMIC’s alleged ties to the Chinese military-industrial complex. SMIC has denied wrongdoing. Exports to firms on the list
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing manufacturing (ATM) service provider, expects to double its leading-edge advanced technology services revenue next year to more than US$1 billion, benefiting from strong demand for artificial intelligence (AI) chips, a company executive said on Thursday. That would be the second year that ASE has doubled its advanced chip packaging and testing technology revenue, following an estimate of more than US$500 million for this year. ASE is one of the major beneficiaries from the AI boom as Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is outsourcing production of advanced chip