Retail in Asia

In Sectors

Fast Retailing’s overseas sales to pass Japan on China growth

Fast Retailing Co., Asia’s biggest clothing retailer, expects overseas sales to overtake domestic revenue in as soon as four years, driven by expansion of its Uniqlo stores in China and South Korea.

"Growth will come from Asia, especially China," founder and CEO Tadashi Yanai, whose USD5.2 billion stake in the company helps make him Japan’s richest man, said in an interview in Tokyo last week. "Sales abroad may overtake Japan’s in four to five years."