Japan’s Fast Retailing Co. Eyes Expansion Overseas
Japan’s Fast Retailing Co. failed in Beijing and the UK. but is still determined to make it overseas.
Fast Retailing Co. controls about 15% of the Japanese domestic market by volume.
But…Japan is nearly at saturation and the national population is declining…not to mention Japan’s notoriously finicky consumers.
With limited success in Hong Kong, Fast International approached Giordano International based in Hong Kong about a possible cooperation.
Giordano has 1,500 stores in China, Taiwan, Singapore, South Korea, Japan, Australia, German and the Middle East.
Giordano has acknowledged Fast’s gesture but also pointed out there is no offer on the table at the moment.
In Japan, Fast is planning to launch a new clothing line targeted at cost conscious consumers = a cheaper line. But, I wonder if Japan will go for it.
With money to burn, I don’t think Japan is looking for something more affordable.
What do you think?
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