Home / Knowledge / News / Apparel/Garments / Fast Retailing strives to take the world in its stride

Fast Retailing strives to take the world in its stride

05
Dec '08
FAST RETAILING Chairman, President & CEO - Tadashi Yanai
Message of Fast Retailing Chairman, President & Chief Executive Officer: Tadashi Yanai

Three years on and we can see just how significant the drive and commitment from our entire staff has been to transform FAST RETAILING into a global group company with a renewed venture spirit. This is the locomotive to fuel new growth for our company, and over the past year it has proved an undeniable success.

FAST RETAILING enjoyed a strong business performance in the year to August 2008 with both revenue and profit rising significantly, largely on the back of favorable results at UNIQLO Japan. Our designers and merchandisers took customer needs fully on board and incorporated them into product development. That led to a significant breakthrough for our HEAT TECH Innerwear range and the huge success of our Bra Top products. Over the past year, we feel that customer support and respect for UNIQLO materials and products has increased markedly.

UNIQLO International is now operating in the UK, USA, China, South Korea and France. The business segment overall posted its first profit this year. The success of our New York global flagship store has proved one of the main reasons for this financial performance, and has also helped UNIQLO earn recognition as a global player. Another key factor is that customers around the world now value and respect UNIQLO's high quality basic casual clothes.

We have begun simultaneous global advertising activities to demonstrate the merit of UNIQLO's unique HEAT TECH functional materials, starting with our HEAT TECH Global Marketing in winter 2008. Today, national borders have all but disappeared from the world market, and information can spread and be spread around the entire world in an instant. Our future challenge is to transform UNIQLO itself into a true global operation, aiming for nothing less than the world's top slot.

Our Japan Apparel firm CABIN CO LTD turned a profit in the year to August 2008. In addition, we merged three of the segment's other companies, low-cost casual clothing developer G.U. CO LTD, and footwear retailers ONEZONE CORPORPATION and VIEWCOMPANY CO LTD, to form GOV RETAILING CO LTD. in September 2008, and we are now looking forward to a swift shift into the black there. But we are not just looking to reform their existing operations. Instead, by utilizing UNIQLO's wealth of experience, knowledge and high quality personnel, we are looking to create entirely new footwear and apparel businesses that could develop into our second and third UNIQLO-type successes.

Our future goal is to become one of the world's most respected, quality global companies. We will further polish and refine our FAST RETAILING and UNIQLO businesses and strive to transform each and every one of the FAST RETAILING Group operations into world-class companies. Our mission is to become a single, united worldwide corporate group with its origins in Japan and with quality management the envy of the world.

Fast Retailing


Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search