Uniqlo Continues US Expansion with Addition of Forever 21 Exec.

Uniqlo's plans to open 200 stores in the US by 2020 is on track and the company just announced a series of management hires. Larry Meyer, whom they nabbed from competitor Forever 21, will be the new COO. Meyer said: "I'm very excited to join Uniqlo and to be a part of the company's next phase of growth in the U.S. Uniqlo's unique commitment to clothing innovation through technology offers distinct opportunities for growth."

WWD speculates that Meyer is uniquely positioned to assist Uniqlo's growth in the US. He helped Forever 21 expand from 100 stores to more than 500 and launched spin-off brands like XXI Forever and the For Love 21.