Blog: Uniqlo boss sets out aggressive Asia retail plan

Joe Ayling | 9 April 2009

Reading between the lines it seems the boss of Uniqlo parent group Fast Retailing is setting his sights on the emerging Asian retail markets while Europe weathers the economic storm.

Tadashi Yanai, chairman, president and chief executive officer of the Japanese retail group, says in a recent interview he wants Uniqlo in Asia to mirror the dominance that H&M and Zara have in Europe.

Today (9 April) the group posted interim net income of JPY35.5bn (US$354m), up 24.1%, and said it wants to double its Asian store count to 76 by the end of August.

In the longer term Yanai says he wants to open 100 stores in both South Korea and China, where the company produces the vast majority of its garments.

In Europe, rather than swim against the economic consumer tide, Uniqlo is finding functional synergies like combining the back-office functions of newly-acquired Comptoir Des Cotnniers and Princesse Tam Tam subsidiaries.

He also thinks Fast Retailing, which also runs the Gov Retailing and Cabin chains in Japan, can become number one among its fast fashion peers by 2020.

I'm sure Inditex, H&M and perhaps even Primark might have a thing or two to say about this...

http://www.fastretailing.com/eng/ir/interview/index.html

By Joe Ayling, news editor.


BLOG

A new re:source from just-style

Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...

BLOG

Trump's trade ramifications continue to unravel

Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....

BLOG

What's in store following Trump's election?

One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....

BLOG

Political shadow over apparel supply chain

As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...

just-style homepage



Forgot your password?