Uniqlo to open third New York City store

New York City -- Japanese apparel retailer Uniqlo said Thursday it will open its third New York City location.



The new store, on 34th Street, set to open this fall, following the opening of the chain’s largest flagship location on Fifth Avenue earlier in the fall. Both stores will join the current Uniqlo location in Manhattan’s Soho district.



Parent company Fast Retailing said it is targeting about $59.5 billion in sales and approximately $11.9 billion in profits by 2020. To meet these targets Fast Retailing said it plans to continue to open Uniqlo stores in major U.S. cities.