* Resource Base
Fast Retailing is a holding company with 2,222 stores around the world. The specialty retailer Uniqlo is the group mainstay operation and has grown by producing casual wear in reasonable prices. (Fast Retailing, 2012) Appendix.1&2 Its chain stores size is typically 1600 square meters. It has 70 partner factories just in China and more in Asian countries. According to the financial report, FR gains positive results in both sales and income in all businesses. It shows progress 16.7% on sale and 16.9% on Operating income, YOY. Ordinary income increased 23.4% and net income 23.5%. Appendix.3 FR uses the latest Japanese fibre technology that enables it to design innovative products. (Fast Retailing, 2013)
FR continually offers innovative clothing for example, AIRism, is a new brand of highly functional thermal wear featuring the latest Japanese fiber technology. To monitor the whole process of production FR employed a team of engineers called Takumi. They are experts in the Japanese textile industry. (UNIQLO, 2012) HEATTECH is also an innovative material which enables consumer to wear thin, light clothing during cold winters. FR has 18,854 full time employees, (Fast Retailing, 2012) and promotes personal growth among them; they respect employees and help them to create environments to become globally skilled workers. FR has established a good relationship with its customers as well as its employees, business partners, shareholders and communities. (Fast Retailing, 2012) Appendix.4 FR is the first in Japan domestic clothing retail ranking and forth in global industry. (Fast Retailing, 2013) From studying the resources, it can be concluded that FR has a strong intangible basis including innovation, reputational and human. In terms of tangible resources it has very good Financial, organizational and physical condition. It suggested improving the...