×
1 510
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis- 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Demand Planner - The Estée Lauder Companies
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Edinburgh Gyle (30 Hours)
Permanent · Edinburgh
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols Manchester (37.5 Hours)
Permanent · Stretford
SHISEIDO
Bareminerals - Account Manager (30 Hours)
Permanent · Edinburgh
V. F. CORPORATION
Manager, Strategic Accounts - Dickies Emea
Permanent · LONDON
VANS
Credit Controller - Spanish Speaking - Vans
Permanent · CALVERTON
VF INTERNATIONAL
Multilingual Credit Controller - Key Accounts (English Plus Any European Language)
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Location - 15Hours / 3 Days - Part-Time, Permanent
Permanent · Exeter
ESTÉE LAUDER
Clinique - Consultant - Sutton Coldfield, Beatties - 15 Hours - Part-Time, Permanent
Permanent · The Royal Town of Sutton Coldfield
ESTÉE LAUDER
Clinique - Consultant - Leicester, Boots - Fosse Park - 15 Hours - Part-Time, Permanent
Permanent · Leicester
YVES SAINT LAURENT UK LIMITED
Saint Laurent HR Manager UK, Ireland & Netherlands
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
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.