×
82 102
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Manchester Highlands Rack
Permanent · Manchester
NORDSTROM
Asset Protection - Security Ambassador - Twenty Ninth Street Shopping Center Rack
Permanent · Boulder
NORDSTROM INC
Asset Protection - Security Ambassador - Rookwood Pavilion Rack
Permanent · Cincinnati
NORDSTROM
Asset Protection - Security Ambassador - City Creek Center
Permanent · Salt Lake City
NORDSTROM INC
Asset Protection - Security Ambassador - Southcenter
Permanent · Tukwila
NORDSTROM INC
Manager Asset Protection 3 - Chandler, az
Permanent · Chandler
NORDSTROM INC
Asset Protection - Agent - Tampa Rack
Permanent · Tampa
NORDSTROM
Asset Protection - Agent - Brentwood Place Rack
Permanent · Brentwood
NORDSTROM
Asset Protection - Security Ambassador - Gateway Center Rack
Permanent · New York
NORDSTROM
Asset Protection - Agent - South Coast Plaza
Permanent · Costa Mesa
NORDSTROM INC
Asset Protection - Security Ambassador - Rack at 31st & 6th
Permanent · New York
NORDSTROM INC
Senior Manager Strategic Sourcing, Store Operations, Mro, Restaurants
Permanent · Seattle
NORDSTROM INC
Area sc Manager 2 - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Asset Protection - Security Ambassador - Old Orchard Center
Permanent · Skokie
NORDSTROM
Asset Protection Agent - Woodlands Mall
Permanent · The Woodlands
NORDSTROM INC
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Security Ambassador - Perimeter Expo Rack
Permanent · Atlanta
NORDSTROM INC
Manager - Asset Protection - West County
Permanent · Des Peres
NORDSTROM INC
Inventory Control Specialist - Beachwood Place
Permanent · Beachwood
NORDSTROM INC
Area sc Manager - Ontario, ca
Permanent · Ontario
NORDSTROM INC
Asset Protection - Agent - Somerset Collection
Permanent · Troy
NORDSTROM
Asset Protection Coordinator - Cedar Rapids Fulfillment Center
Permanent · Cedar Rapids
By
Reuters
Published
Sep 3, 2008
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fast Retailing eyes Russia, India in overseas push

By
Reuters
Published
Sep 3, 2008


Fast Retailing Uniqlo fall-winter 2008/2009

By Taiga Uranaka

TOKYO, Sept 3 (Reuters) - Japan's Fast Retailing Co Ltd said it plans to open Uniqlo casual clothing stores in Russia and India and acquire rivals as it aims to boost sales by 70 percent over the next two years.

Fast Retailing, whose Uniqlo brand has often been called the Gap Inc of Japan, has been expanding overseas while pledging to put its $1.4 billion cash pile towards acquisitions to reach 1 trillion yen in revenues by 2010.

But it has so far been unable to land a big deal, losing a bidding war for upscale retailer Barneys New York and giving up on a bid for Hong Kong apparel firm Giordano International last year.

Chief Executive Tadashi Yanai said he wanted to take advantage of the slide in global stock markets to snap up attractive targets. Acquisitions could be used to add about 200-300 billion yen to its group revenues, he said.

"We are looking for acquisitions at home and overseas. It's the opportunity of a decade. Companies are cheap in value now," Yanai told reporters at a news conference.

Fast Retailing generates about 90 percent of its sales in Japan, mainly from its network of 750 Uniqlo stores selling a wide variety of basic apparel items such as fleece jackets, jeans and T-shirts at relatively inexpensive prices.

The company aims to expand its overseas network by about 2.5 times to 125 stores by 2010, allowing it to triple the sales generated by Uniqlo outside Japan to 100 billion yen.

It already has stores in the United Kingdom, the United States, South Korea and China. It plans to open stores in Singapore and Russia and is exploring a push into the fast-growing Indian retail market.

Shares of Fast Retailing ended up 2.9 percent at 11,330 yen, outperforming a 0.6 percent gain in the benchmark Nikkei average .N225. (Reporting by Taiga Uranaka)

© Thomson Reuters 2021 All rights reserved.