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

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?