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Jul 12, 2024 | 
asia.nikkei.com | Daiki Hiraoka
The competition, first held last year, drew participation by approximately 2,500 employees at 7-Eleven stores across all 47 prefectures. The Vietnamese woman is the first foreign national to win.
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Apr 29, 2024 | 
asia.nikkei.com | Daiki Hiraoka |Tamaki Kyozuka
TOKYO -- Uniqlo operator Fast Retailing is ramping up recruitment efforts outside Japan as it aims for foreign nationals to make up 80% of management and 40% of its executive officers by fiscal 2030. The company is among the first in Japan to set such numerical targets. With core functions now based in both Japan and the U.S., it sees foreign managers and executives as key to globalizing a wide range of operations, from store development to supply chains and information technology.
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Mar 17, 2024 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Japanese casualwear chain Uniqlo will broaden sales of used clothing, offering spring-summer items that have been redyed and cleaned to price-conscious consumers as part of sustainability efforts. After a trial run in late 2023, the Fast Retailing unit will start selling used Uniqlo clothes at select stores from late March. Depending on response from customers, the company will consider making this a full-fledged business.
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Feb 23, 2024 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Fast Retailing, operator of the Uniqlo casualwear chain, is painting a clearer picture of its entire supply chain, from raw materials to stitching, amid growing pressure on the industry to improve transparency. With cashmere, a Uniqlo winter staple, steady on-the-ground research has helped the Japanese company ensure a stable supply.
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Dec 4, 2023 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Following in the footsteps of sister brand Uniqlo, Japanese apparel company GU looks to become a globally recognized name, starting with plans to open a permanent store in New York. "We plan to double our sales to 600 billion yen ($4.08 billion) in five years," GU CEO Osamu Yunoki told Nikkei.
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Oct 16, 2023 | 
asia.nikkei.com | Daiki Hiraoka |Tomoko Wakasugi
TOKYO/SHANGHAI -- Uniqlo is offering raises of up to 44% to full- and part-time workers at stores in China, Nikkei has learned, in an effort to boost morale and recruitment in its largest overseas market. The brand, operated by Japan's Fast Retailing, started rolling out the higher pay this month with an initial focus on stores in Beijing, Shanghai, Guangzhou and Shenzhen. Raises will eventually be offered elsewhere in China as well.
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Oct 11, 2023 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Uniqlo on Wednesday launched a pop-up store selling pre-owned items from the brand at a store in Tokyo's Harajuku district, as part of a push to reduce waste in the apparel industry. The pop-up is the first of its kind for Uniqlo, which is operated by Japan's Fast Retailing. It will last until Oct. 22.
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Aug 28, 2023 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Japanese apparel company Uniqlo is appointing a new president in Daisuke Tsukagoshi, parent Fast Retailing said on Monday, as the brand taps the executive who brought its U.S. business into the black to bolster overseas expansion. Tsukagoshi becomes executive director, president and chief operating officer on Friday, with current President Tadashi Yanai taking the post of CEO. Yanai, who is chairman and president of Fast Retailing, also serves as Uniqlo's chairman.
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Jun 24, 2023 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO - Uniqlo has been signing long-term sponsorship deals with top athletes under its unique, values-oriented branding strategy. The fast-fashion maker develops new products with athletes while they are active professionally, and continues working with them after retirement to not only promote sports but also engage in social issues and other activities.
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Jun 19, 2023 | 
asia.nikkei.com | Daiki Hiraoka
TOKYO -- Uniqlo owner Fast Retailing's ambitious goal of more than tripling sales to 10 trillion yen ($71 billion) in 10 years faces a stumbling block in China, where it is being snubbed by young shoppers in what had been a top-earning market. "This definitely does not mean that we are losing confidence in the greater China region," Chief Financial Officer Takeshi Okazaki said when asked about a relatively weak forecast for the region in an earnings briefing in April.
