2005 saw more overseas expansion, with stores opening in the United States (New York City),

Hong Kong (Tsim Sha Tsui) and South Korea (Seoul), their South Korean expansion being part of
a joint venture with Lotte.[citation needed] As of year-end 2005, in addition to its overseas holdings, Uniqlo
had around 700 stores within Japan.[citation needed] By 2006 sales were $4 billion.[1] By April 2007, the
company had set a global sales goal of $10 billion and a ranking among the top five global
retailers, joining what at the time was Gap, H&M, Inditex, and Limited Brands.[1]
Fast Retailing signed a design consulting contract for Uniqlo products with fashion designer Jil
Sander in March 2009.[11] Shiatzy Chen was approached by Uniqlo to produce a capsule
collection of ready-to-wear pieces to launch in November 2010, while Asia's largest Uniqlo store
outside Japan opened its doors in Kuala Lumpur in the same month.[citation needed]

Uniqlo jeans at their Tokyo store

On 2 September 2009, Fast Retailing announced that the company would target annual group
sales of 5 trillion yen (approx. US$61.2 billion) and pretax profit from operations of 1 trillion yen
(approx. US$12.2 billion) by 2020. This means that the company is aiming to become the world's
biggest specialty retailer of private label apparel with a continuous growth rate of 20% per year.
The figure breaks down as one trillion yen from Uniqlo's Japan business, three trillion yen from its
international business, and one trillion yen from "Japan-related and global brand
business." [clarify] The company's international business target breaks down as one trillion yen in
China, one trillion in other Asian countries and one trillion in Europe and the United States. [12]