Thursday, September 3, 2009
4,000 Stores and 5 Trillion Yen in Sales
This is what Fast Retailing is looking to achieve by 2020 and they just might be able to do it. Currently there are 867 stores, 777 of them in Japan. Through aggressive expansion in Japan as well as into the Far East, Europe, the US, Asia & Russia as well as strategic partnerships (China's Taobao) and potential acquisitions Yanai, Tadashi president of Fast Retailing expects sales of 1 trillion yen by only 2010 and then exponential growth from there. With August sales a +5.6% for Fast Retailing, they are one of the few companies posting positive sales figures and things are only looking to improve as they (Uniqlo) launch their J+ collection by Jil Sander in October. If Fast Retailing can reach this goal they will become the world's largetst retailer in terms of dollars.