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Uniqlo dangles $8.8m salaries to draw talent in Big Tech showdown

Apparel chain operator seeks midcareer hires as it battles Amazon, other tech giants

The operator of Uniqlo stores will offer among the most generous compensation packages in Japan. (Photo by Tetsuya Kitayama)

TOKYO -- The operator of the Uniqlo chain of casual apparel stores will pay midcareer hires up to 1 billion yen ($8.8 million) a year as competition heats up with Big Tech companies such as, Nikkei has learned.

Fast Retailing will increase the salary cap this year, said CEO Tadashi Yanai. More than Yanai's own pay of 400 million yen, the maximum amount will be among the highest in the nation.

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