Uniqlo Aims To Triple Sales To $75-B In A Decade

Fast Retailing Co., the operator of the Uniqlo clothing chain, said Thursday it aims to more than triple its sales over the next decade to 10 trillion yen ($75 billion) after reporting record first-half earnings, Kyodo News reported.

Photo Insert: The company looks to boost its businesses in China, Southeast Asia, North America, and Europe to lift its annual sales to the targeted level from the 2.68 trillion yen expected for the year through August 2023.

Tadashi Yanai, chief executive of Fast Retailing, said his company looks to boost its businesses in China, Southeast Asia, North America, and Europe to lift its annual sales to the targeted level from the 2.68 trillion yen expected for the year through August 2023.

Uniqlo stores outside Japan saw a 27.3 percent jump in sales to 755.2 billion yen in the six months that ended February thanks to rising awareness of its brand and solid demand for its thermal underwear.

The apparel chain also plans to shorten lead times to provide products that meet customer demand in a timely manner by strengthening its real-time customer information database.

"We have seen our sales triple every ten years" in the past stage of growth, Yanai said at the press conference, adding that sales are expected to rise to about 3 trillion yen in the next fiscal year, roughly three-fold the level seen in fiscal 2012.

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