Fast Retailing's Growth Strategy Towards 10 Trillion Yen in Sales

9983  Fast Retailing is one of the leading companies in the Japan.

The current unit price of one share is 30270 yen.

Fast Retailing's Chairman and President, Tadashi Yanai, has revealed an ambitious goal for the company: increasing its sales to 10 trillion yen within the next 10 years or so. The company is expected to reach a sales figure of 3 trillion yen by the 2024 fiscal year, with plans to more than triple its sales volume in the following 10 years.

The main pillar of the company's growth strategy is its overseas business, with a particular focus on expanding the number of stores in Southeast Asia. Southeast Asia has a large percentage of younger residents and is experiencing rapid economic growth, making it a promising market for Fast Retailing's expansion.

Another driving force in Fast Retailing's growth strategy is the effective use of digital technology. By leveraging digital tools for personalized marketing, inventory management, and supply chain optimization, the company aims to enhance its overall operational efficiency.

Moreover, Fast Retailing plans to continue investing in research and development (R&D) to create innovative products that cater to changing customer needs and preferences. The company's well-known HEATTECH and AIRism product lines, for instance, resulted from their focus on R&D and have been critical to its global success.

In conclusion, Fast Retailing's ambitious goal of achieving 10 trillion yen in sales within the next decade relies on a combination of overseas expansion, technological innovation, and product development to maintain its position as a global leader in the fast fashion industry.