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As Amazon looms, Uniqlo parent still looking for big break online

Resurgent Fast Retailing tackles e-commerce gap

Fast Retailing CEO Tadashi Yanai attends a news conference in Tokyo on Oct. 12. (Photo by Ken Kobayashi)

TOKYO -- Fast Retailing, the Japanese group behind the Uniqlo apparel chain, will try taking the fight to Amazon.com and other online retail competitors after posting record-breaking revenue and profit.  

"From now on, only corporations that respond to customer needs will survive," Fast Retailing's chairman and CEO, Tadashi Yanai, told reporters Thursday when presenting results for the year ended in August. "The central players are Amazon, Google and Apple in the U.S., Alibaba Group Holding and Tencent Holdings in China, and other high-tech companies."

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