Retail in Asia

In Shops

Fast Retailing rushing to open more UNIQLO outlets

Tadashi Yanai, chairman and president of Fast Retailing Co., the operator of the UNIQLO casual wear chain, said Tuesday that the Japanese retailer is in a rush to open several more outlets in the Big Apple.

"We would like to open several more shops in New York City as soon as possible," Yanai told a news conference in New York, where Fast Retailing operates its only US outlet.

"We want to make sales from overseas operations four times as large as those from domestic operations in 10 years," Yanai said, adding he will place particular emphasis on Asian markets stretching from China to India, whose combined population totals 3.6 billion.