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Fast Retailing Names New Uniqlo COO as It Grooms Next Leaders

The Uniqlo store in New York's SoHo neighbourhood.
Fast Retailing names new Uniqlo COO. (Shutterstock)

Uniqlo owner Fast Retailing Co.’s global business head will become chief operating officer, as the retail giant grooms the next generation of leaders who might one day take the reins from founder Tadashi Yanai.

Daisuke Tsukagoshi begins his new role Sept. 1, the Japanese company said in a statement Monday. The appointment is part of a strategy to strengthen management structure, it added.

The 44-year-old has been serving as international CEO and head of North America, after Yanai tapped him to overhaul the company’s fortunes on the continent at the height of Covid-19.

Tsukagoshi has since turned the region’s business around, and it reported profit last year for the first time since opening in New Jersey in 2005. He has a mandate to more than triple the number of North American stores to 200 and delivers annual revenue of ¥300 billion ($2 billion) — and an operating margin of 20 percent — by 2027.

The move to the US marked Tsukagoshi’s 18th relocation since joining Fast Retailing in 2002, including a stint as Uniqlo’s COO in China from 2017 to 2020.

By Kanoko Matsuyama

Learn more:

How Uniqlo Finally Won Over Gen-Z

Its viral cross-body bag and other TikTok favourites have helped the brand catch the attention of younger consumers. Now, the retailer wants to open more stores in the US and Europe.

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