Pay Attention To What UNIQLO Founder Liujing Said In An Interview With The Media

According to the Nikkei Asia review on December 30, UNIQLO founder, chairman, President and CEO of fast retailing group, a Japanese retail giant, was interviewed by the media. In response to questions about Sino US relations, Xinjiang cotton and other events, Liujing made it clear that he wanted to remain neutral between China and the United States, and pointed out that "the American practice is to force companies to be loyal. I want to show that I will not play this game." This is the first time that Liujing made a public statement on the "cotton in Xinjiang" incident.

In March this year, Swedish fast fashion giant H & M boycotted Xinjiang cotton, which caused public anger. Subsequently, Nike, Adidas and other international brands were deeply dug out and disclosed that they were "cutting" with Xinjiang cotton. In addition, 12 Japanese enterprises such as Muji were also pointed out to "draw a clear line with Xinjiang cotton". The incident once aroused the anger of Chinese netizens, and related topics were also on the hot search.

At a follow-up performance conference of fast retailing group, when a reporter asked how to view the foreign-funded enterprises that did not use Xinjiang cotton were boycotted by Chinese consumers, Liujing said at that time that the issue itself was political and we remained neutral. "As a company, we are doing what we can and we don't comment on anything else.".

In the interview, Yanai also pointed out that Japanese companies have no choice but to make money in the global market. As a matter of fact, UNIQLO's overseas development, especially in Greater China, continues to advance in terms of store size, sales scale and product innovation.

According to the data, in the whole year of 2021, the net profit of FMCG reached 169.8 billion yen, an increase of 88% over the previous fiscal year, a record high; The total revenue of the group as a whole reached 2132.9 billion yen, an increase of 6% over the previous fiscal year. In the Greater China market, which UNIQLO relies on, its revenue and operating profit have both increased significantly, making it the best performance in the past years. It is reported that the total amount of ￥ in Greater China reached 532.2 billion yen, a year-on-year increase of 16.7%, and the total operating profit reached 100.2 billion yen, with a year-on-year increase of 52.7%.

This year, UNIQLO entered the Expo for the second time, and opened its third flagship store in mainland China and the 15th flagship store in the world in Beijing eight years later. After more than 30 years of deep cultivation in the Chinese market, UNIQLO expects to continue to invest in the Chinese market, and its vision of connecting the global market is accelerating.