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2017-03-31 — cnn.com
Tadashi Yanai, the billionaire head of Fast Retailing Co., which owns Uniqlo, doesn't like being given an ultimatum by Trump.
"If I was directly told to do so, I will withdraw from the United States," Yanai told Japanese newspaper The Asahi Shimbun this week when he was asked about Trump's Made in the U.S.A push. Uniqlo currently has 51 stores in the U.S. Yanai said the company plans to open at least 20 more stores this year, although it's watching what Trump and Congress do on trade. ... As CNNMoney has pointed out before, American shoppers claim that they want to buy products made in the U.S. But in reality, they purchase things that are cheaper or perceived as better quality, regardless of where they were made. ... some experts worry that if Uniqlo and other companies pull out of America, that could make life even tougher for many struggling shopping malls. Uniqlo and other fast-fashion chains like Forever 21, Zara and H&M are actually doing reasonably well while many traditional retailers such as Macy's, Kohl's and Sears struggle. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |