Uniqlo, owned by Japan's Fast Retailing Co., whose brands include PLST,
G.U., Comptoir des Cotonniers, and Princesse tam-tam, opened its largest
store in Shanghai. Fast Retailing has more than 210 stores in about 50 cities in China.
With a new global business strategy, chief executive and founder Tadashi Yanai said Japanese companies are doomed if they don't go global. The country's population is shrinking and aging rapidly, and its economy is stubbornly stagnant.
Reporting by the Associated Press.