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Uniqlo operator targets Asian growth

Chairman Yanai wants Fast Retailing to be "world's No.1"

Tadashi Yanai, chairman and CEO of Fast Retailing, spelled out ambitious targets in a press conference in Tokyo on Oct. 12. (Photo by Ken Kobayashi)

TOKYO -- Fast Retailing, the operator of clothing chains Uniqlo and GU, said Thursday enhanced use of technology will allow it to grow its business in Asia where it sees growth potential. 

"If we make wise use of 'digital-powered retailing,' we can be the world's No.1," said Fast Retailing Chairman and CEO Tadashi Yanai. The company is already the third apparel-maker in the world, after Spain's Inditex which owns Zara, and Sweden's Hennes & Mauritz, or better known as H&M.

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