Friday, December 10, 2010
Uniqlo - Here We Go Again
Fast Retailing’s goal is to become the number one apparel company in the world. They are currently number three behind Inditex, H&M and GAP.
Fast Retailing’s goal of global apparel domination is based on Japan being a cash-cow, financing their overseas expansion. Unfortunately that planned has encountered a harsh economy where Uniqlo’s same-store-sales have been down nine out of eleven months this year – a far cry from their glory days of 2009 when same-store-sales were reaching double-digit growth month-after-month.
With falling sales in Japan Fast Retailing has had to re-forecast their original sales goal of one trillion yen by the end of this financial year.
With 822 stores in Japan do you think Fast Retailing should open more stores in Japan?
Information Fast Retailing Corporation & Nikkei