Content about Economy of Asia

December 4, 2013

Uniqlo, a division of Japan’s Fast Retailing, announced the promotion of Lawrence (Larry) H. Meyer to CEO of Uniqlo USA.

New York -- Uniqlo, a division of Japan’s Fast Retailing, announced the promotion of Lawrence (Larry) H. Meyer to CEO of Uniqlo USA.
 
Meyer left his post as executive VP of Forever 21 to join Uniqlo in January 2013 as COO. Prior to Forever 21, he served as CFO of Gymboree.

In his new role, Meyer will oversee the day-to-day operations of Uniqlo and hold responsibility for the ongoing development of the company’s retail footprint in the USA.
 

November 20, 2013

Genting Simon, a joint venture between Genting Group and Simon Property Group, has announced the opening of the second phase of Johor Premium Outlets in Johor, Malaysia.

Johor, Malaysia — Genting Simon, a joint venture between Genting Group and Simon Property Group, has announced the opening of the second phase of Johor Premium Outlets in Johor, Malaysia.

The expansion has added 40 new stores and 100,000 sq. ft. to the center, bringing the store total to 120.

July 15, 2013

Fast Retailing Co. will open 10 more Uniqlo stores in New York, New Jersey, Connecticut, and California this fall, bringing the brand’s presence in the U.S. to 17 stores, plus the online shopping platform Uniqlo.com that opened in October of 2012.

New York -- Fast Retailing Co. will open 10 more Uniqlo stores in New York, New Jersey, Connecticut, and California this fall, bringing the brand’s presence in the U.S. to 17 stores, plus the online shopping platform Uniqlo.com that opened in October of 2012.

The new stores will be in shopping centers and malls and will carry casual clothing for men, women, and kids.

January 10, 2013

Fast Retailing Co., parent to the Uniqlo chain, reported that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.

New York -- Fast Retailing Co., parent to the Uniqlo chain, reported Thursday that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.

On Wednesday, the company announced that Uniqlo will continue its U.S. expansion strategy by opening two new mall locations in New York.

The company has raised its annual profit forecast.

 

October 25, 2012

Uniqlo has made its first move in an ambitious plan to become a major presence in shopping malls throughout the nation. The company, Japan’s largest retailer and a division of Fast Retailing Co., has jump-started its U.S. expansion with the opening of a 43,000-sq.-ft. store in Westfield Garden State Plaza, Paramus, N.J.

March 17, 2011

The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.

New York City -- The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.

Food prices rose 3.9% last month, the highest increase since November 1974.

The steep rise was due, in large part, to higher vegetable costs, which were up nearly 50%.