UNIQLO latest strategy: mining talent colleagues

According to the Japanese media recently reported that in January this year, from H & M, GAP, Wal-Mart and other four executives began as the Japanese casual wear brand, UNIQLO FAST RETAILING Corporation executive director. Anderson, formerly CEO of H & M, joins hands with Xuan Fu as the group's top executive. At this point, UNIQLO continuous shift of executives from overseas departments to local people aroused people's attention. Okakiaki, chief financial officer (CFO) of Uniqlo, said: "We welcome overseas executives to join us and work together to improve the management system," saying that the management of the business will be fully entrusted to various experts. Among the bold global changes in personnel, the most volatile is UNIQLO America. Stephen, who served as Commodity Sales Policy (MD) at Banco Republic, a GAP affiliate, has been promoted to Sales Director. On top of that, in December 2013, Larry, the newly appointed CEO of UNIQLO Corporation, spent more than 10 years in the hottest womenswear brand forever 21 in the United States except for the positions held by Toys R Us and PepsiCo. Senior SVP and Chief Financial Officer (CFO). At Forever 21, he spread the experience of chain stores and his extensive network of local contacts, enabling him to quickly open 10 stores on the east and west coasts of the United States after taking office. Such changes in personnel proved that UNIQLO America has a huge business strategy changes. UNIQLO just entered the United States in 2005, as its advertising flagship store in New York rent too expensive, so nearly 10 years Uniqlo in the United States have not got rid of the deficit, so expanding the chain is also struggling. But recently, UNIQLO brand in the United States has a significant increase in visibility, there have been stores from the previous year sales have begun to grow substantially, but also began to use the local talent to train the manager. Uniqlo 3 original shops income more than 2 digits, the new store also began to profit. Since September 2013, the UNIQLO branch plans to add 15 additional stores, plus seven stores by August 2013, expanding to three times the size of one store in 22 locations in just one year. Become a UNIQLO foreigners to use an important reason. In the first half of 2014, the United States, Pennsylvania and other open five stores, will also enter Boston and Los Angeles thereafter, the goal of breaking the hundred stores in the United States. In the 2013 annual report, UNIQLO Chief Financial Officer (CFO) Okazaki confidently said that the company under the leadership of Larry, whether it is selling, new stores, improve sales policies, etc., performance on the track. However, there are still some problems. Okazaki said the single-year earnings are expected to extend beyond 2014 because of the large initial costs incurred in setting up a large number of branches. Ensuring that clerks and their training have become a priority they have never had before. Whether the UNIQLO scale-up plan can successfully get to the track depends on the ability of Larry, the newly appointed US subsidiary CEO.

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