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 Amazon.com, 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.
