TOKYO/NEW YORK -- Uniqlo's sister brand GU opened its first U.S. store Thursday in New York, foraying into the world's largest apparel market where global fashion houses are waging cutthroat competition.
Clothing chain banks on rising demand for discount fashion amid inflation

Customers shop at the new GU flagship store in New York's SoHo on opening day Sept. 19. (Photo by Mana Yumi)
TOKYO/NEW YORK -- Uniqlo's sister brand GU opened its first U.S. store Thursday in New York, foraying into the world's largest apparel market where global fashion houses are waging cutthroat competition.