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Fast Retailing dismisses U.S. production for Uniqlo

The head of Fast Retailing Co. on Wednesday brushed aside the
possibility that the Uniqlo casual wear chain operator will engage in
production in the United States.

Tadashi Yanai, chairman and president of Fast Retailing, made
the remarks despite calls by U.S. President Donald Trump for American
and foreign companies operating in the United States to manufacture
products in the country.

In a media interview in New York, Yanai said the Trump
administration's moves "would not do U.S. consumers any good," saying
local production for his firm is impossible at customer-friendly
costs. "We will pull out of the United States" if forced to engage in
local production, he added.

He said, however, that his company is actively pursuing
distribution-related investments in the United States, including a
new logistics center.

Yanai, who is visiting New York for a merchandise exhibition,
said more efforts are needed to turn around the firm's U.S.
operations, which have been in the red.

"I have heard (global fashion retailer) H&M also had a hard
time. We need to do something like changing the assortment of goods
at every shop because popular goods differ from shop to shop," he
said. (March 29)


Tadashi Yanai, chairman and president of Fast Retailing Co., is interviewed in New York on March 29, 2017. Regarding calls by U.S. President Donald Trump for American and foreign companies operating in the United States to manufacture products in the country, Yanai said the Trump administration's moves "would not do U.S. consumers any good."