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© KYODOFast Retailing forecasts record net profit for fiscal 2021
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© KYODO
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robert maes
I hope to remember this forecast one year on. I respect and i am impressed with Yanai San and his business genius but i think Uniqlo will not make the record profit forecast for 2021. That because Korea will see higher losses and maybe a full pullback and the dependence on China is a 2-way cutting sword.
Europe and the US will not recover in 2021. Japan sales will also further decline and the GU brand will have to. be shut down. BUT i applaud the new style shops, like the Harajuku station one, the efforts on the environment.
Septim Dynasty
Tadashi Yanai has most of his businesses in China and Southeast Asia. This explains why he is holding out so well. I admired the guy for writing the most brutal rebuttal against Japanese delusional nationalism or Nihonjinron.
https://www.mckinseyquarterly.com/Strategy/Globalization/Dare_to_err_2827
Many of his executives and his family are looking for a way out of Japan. I have heard in many articles talked about how his company's leadership finds places to stay in China and Southeast Asia.