Fast Retailing Is Expected To Become The World'S Largest Apparel Retailer.

P fast (retailing Co.) is committed to becoming the world's largest apparel retailer in six years.

XP plans to open up to 100 stores a year in Greater China, and its popularity will also improve as its Hongkong HDR is listed on the market on Wednesday.

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< p > fast selling is the largest clothing retailer in Asia.

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As P, Japan's apparel giant is also the parent company of UNIQLO chain store.

For this ambitious goal, whether fast sales can grow or expand without buying other companies or brands has become a key issue.

Tadashi Yanai, chief executive of Fast Retailing, said the company could rely on its own efforts to raise the global ranking from fourth to No. 1.

Now the world's largest clothing retailer is Zara's parent company, Spain's INDITEX SA.

INDITEX earned $21 billion 700 million in the last fiscal year and $11 billion 200 million in fast sales.

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Liu Jing Jing, in an interview in Hongkong on Wednesday, said P believes that the company can develop itself into the world's largest apparel retailer through its own efforts.

He has a very optimistic view of the company's internal business growth prospects.

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< p > but many industry observers believe that the clothing and clothing sizes of the North American market are quite different from those of Asia.

This situation makes it difficult for companies to make progress without enlarging their scale through big acquisitions.

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Less than P, XXX had approached some acquisition targets.

Last week, people familiar with the matter revealed that XXX recently contacted J. crew group management to negotiate up to $5 billion for the privately held company.

A person familiar with the matter said the negotiations are still in the initial stage and may break up.

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< p > Ryui Masami will comment on whether J. crew will be discussed.

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The interest of P J. on crew has highlighted the challenges facing the company in its attempt to expand its market outside Japan.

60% of its revenue comes from the local Japanese market. The company has more than 850 flagship stores in Japan.

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< p > Ryui Masa said that in order to achieve the world's first goal, the company must succeed in China and the US market. At present, there are 260 stores in the mainland of China, and only 17 in the United States.

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< p >, he said, the company must develop vigorously in these two markets.

He pointed out that if we want to become the world's first, only one of the markets is unthinkable.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > American market < /a > brings a special challenge to fast marketing, because compared with the Asian region, the company needs to provide a wide range of sizes to suit the size of the American consumers.

Analysts say this may increase the cost of clothing production.

Besides, clothing styles also need to cater to the tastes of American consumers.

Ryui Masa said that unless it is sexy style clothes, it will not sell well.

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Under the leadership of "a href=" http://www.91se91.com/news/index_c.asp "Liu Jing Zheng /a", P is now expanding from a small shop in Yambu Prefecture, southwest of Yamaguchi, to the present scale company. It is expanding its research and design center in New York to create more clothing styles that can attract American consumers.

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< p >, which means that the design of fast selling for Asian groups needs to be greatly adjusted, and the machinery and equipment of its affiliated factories also need to be recalibrated.

These factories are mainly located in China.

But the size of UNIQLO's US market may not be huge enough to make profitable changes.

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< p > with the current planned < a href= "http://www.91se91.com/news/index_c.asp" > expansion rate < /a >, Xun expects to increase only 20 to 30 stores in the United States next year, and the number of new stores in the United States will exceed 100 in the next few years.

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Less than P, analysts said, this is the significance of acquiring J. crew, which operates more than 400 stores in the United States and has a strong distribution network.

Williams, an analyst at Macquarie capital securities in Tokyo, said that the acquisition of J. crew would help to cut costs quickly and try different styles of clothing in the market. Securities

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At the same time, P expects to open 80 to 100 stores a year in the Greater China region in the next 10 years, so that the total number of stores will reach 1000.

Greater China includes mainland China, Hongkong and Taiwan.

Xun has said that in the next 5 to 10 years, China will take the place of Japan, the biggest contribution to the company's sales.

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Takahiro Kazahaya, a deustche bank analyst at P deustche, said that the challenge facing Fast Retailing in China is how to maintain profitability, because the company is expanding its business in two or three tier cities, but the disposable income of consumers in these areas may not be as large as those in Shanghai and Beijing.

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Ashma Kunde, a clothing analyst at P Euromonitor International, said that UNIQLO brands may be difficult to attract Chinese women, because this group tends to be more feminine.

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< p > Ryui Masa said that the company is looking for low-cost products in China, but any clothing produced in China will be sold to the whole world.

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The Hongkong P HDR, which was issued on the first day of listing on Wednesday, rose 5.6% to HK $28.90 ($3.72).

The issuance of HDR in Hongkong port does not involve financing.

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