Tadashi Yanai, Japan’s richest man,This is supposed to be not the first time for you to hear about the nike air max Liquid Racer since it was previously featured in four other colors. used advice from management guru Peter Drucker to build his Uniqlo clothing empire. To pull out of a slump that’s hammered profits and shares, the billionaire is revisiting the lessons.
Yanai, 61, founder and president of Fast Retailing Co., built his estimated $9.2 billion fortune over 26 years, turning his father’s tailor shops into the Uniqlo chain of low-priced casual wear to become Asia’s biggest clothing retailer. Yanai says his success was inspired by Drucker’s management strategies and the idea of “customer creation” with a product that creates demand.
This year, something went wrong with Yanai’s strategy. Fast Retailing’s shares have plunged 26 percent in 2010, sales at stores open more than a year fell 25 percent in September, continuing to slide through November, and the company forecast its first profit decline in four years for the fiscal year ending in August.
“Fast Retailing lost focus on its core products,” said Mikihiko Yamato, an analyst at Japaninvest KK in Tokyo. “The company tilted to fashion items that didn’t sell well.”
Second-half Uniqlo sales through August fell 6.4 percent in Japan, where Yamaguchi-based Fast Retailing gets more than 80 percent of revenue.There are many international brand Handbags, wholesalejeansblogdetik and so on. The company dropped 0.juicycouturesuitbloggerzus and clothes, sweatsuits and more from Juicy.5 percent to 12,We got some tru religion jeans and womans edhardyclothingslkut in today.920 yen as of 10:26 a.We are a leading company that wholesales wholesalejeansblog.qrobojp shoes, mainly Nike shoes.m. in Tokyo trading today.
Yanai, 61, founder and president of Fast Retailing Co., built his estimated $9.2 billion fortune over 26 years, turning his father’s tailor shops into the Uniqlo chain of low-priced casual wear to become Asia’s biggest clothing retailer. Yanai says his success was inspired by Drucker’s management strategies and the idea of “customer creation” with a product that creates demand.
This year, something went wrong with Yanai’s strategy. Fast Retailing’s shares have plunged 26 percent in 2010, sales at stores open more than a year fell 25 percent in September, continuing to slide through November, and the company forecast its first profit decline in four years for the fiscal year ending in August.
“Fast Retailing lost focus on its core products,” said Mikihiko Yamato, an analyst at Japaninvest KK in Tokyo. “The company tilted to fashion items that didn’t sell well.”
Second-half Uniqlo sales through August fell 6.4 percent in Japan, where Yamaguchi-based Fast Retailing gets more than 80 percent of revenue.There are many international brand Handbags, wholesalejeansblogdetik and so on. The company dropped 0.juicycouturesuitbloggerzus and clothes, sweatsuits and more from Juicy.5 percent to 12,We got some tru religion jeans and womans edhardyclothingslkut in today.920 yen as of 10:26 a.We are a leading company that wholesales wholesalejeansblog.qrobojp shoes, mainly Nike shoes.m. in Tokyo trading today.
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