Wednesday, September 23, 2020
Martin Hennecke

Uniqlo boosting online presence
<p>Fast Retailing (6288), the owner of Uniqlo, is shifting its logistics and boosting investment in expanding online shopping across Japan, China, Southeast Asia and the United States with a new automated factory in Osaka, Nikki Asian Review reported.</p><p>The group will complete an automated warehouse for e-commerce in the city of Ibaraki in Osaka Prefecture by October, allowing delivery of orders within three days.</p><p>It plans to increase e-commerce to 30 percent of its total sales in Japan from 10 percent in the business year ended August 2019.</p><p>In the year ended in August, it spent an estimated 26.6 billion yen (HK$1.95 million) on computer systems for e-commerce and other operations, 80 percent more than the 14.7 billion yen spent on its domestic chain.</p><p>Fast Retailing plans to spend a total of 100 billion yen in building automated warehouses not only in Osaka, but also in China, Southeast Asia and the United States.</p><p>&nbsp;</p>
Previous news : Home sales rise as Covid curbs eased


Register  Forget Password
Advanced Search
© 2020 The Standard, The Standard Newspapers Publishing Ltd.
Home | Business | Metro | Focus | Opinion | Markets | World | Sports | Entertainment | Monday Money | Property | Macau | Weekend