uniqlo ceo woman

Uniqlo's focus on simple, causal styles that appeal to a diverse clientele has allowed it to rapidly expand across the globe.

The company aims to raise that figure to 50% by supporting its female staffers’ career development with steps such as in-office day care and paid leave for elder care. Clothing with innovation and real value, engineered to enhance your life every day, all year round. Women held 36% of Fast Retailing's managerial posts in fiscal 2018, exceeding the government's 30% target for businesses to meet by 2020. TOKYO — Casualwear retailer Uniqlo has promoted a former manager of a busy Tokyo store to take charge of operations in its home market of Japan, where population decline makes maintaining earnings a challenge. “The job is more suitable for a woman,” he said, adding that women “are persevering, detail-oriented and have an aesthetic sense.” (Yanai hasn’t set a date to step down. “They are persevering, detailed oriented and have an aesthetic sense.”. She won promotion to store manager just six months after joining Fast Retailing out of university. “The job is more suitable for a woman,” Yanai, the chief executive officer behind clothing giant Uniqlo, said in … Japan, where the term “Womenomics” was originated by Prime Minister Shinzo Abe, back in 2014. In early 2019, Fast Retailing, which has over 3,600 stores, promoted Akaida to group executive officer. She later ran flagship Uniqlo outlets in Shanghai and Tokyo, as well as Fast Retailing’s human resources department and Uniqlo Japan’s public relations. And at Facebook, succession planning extends beyond the C-Suite. Tadashi Yanai and his family own a 44% stake, putting their estimated net worth at over $29 billion.

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to learn how you can update your cookie settings. Uniqlo is a Clothing chain that is known for its commitment to promoting women.

Congratulations to Maki Akaida, the new CEO of Uniqlo Japan. "The job is more suitable for a woman," Mr Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview. Fast Retailing is putting more women into management and has moved the office for the effort from human resources to right under the president. But when asked about his succession plan, one thing, in particular, is clear to him. “The job is more suitable for a woman,” Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview. ), Akaida isn’t content to rely on vested qualities. Directing the office starting this month is Mari Kogiso, director of the Gender Investment and Innovation Department at the Sasakawa Peace Foundation.

since. Nearly 40% of Fast Retailing’s managers are female—more than double the national average. TOKYO --- Casualwear retailer Uniqlo has promoted a former manager of a busy Tokyo store to take charge of operations in its home market of Japan, where population decline makes maintaining earnings a challenge. Tadashi Yanai, Fast Retailing Co.’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman as it would be better for Asia’s largest retailer. The Japanese retailer is now aiming to put women in more than half of its senior positions.

Dior Launches Mentorship Program for Female Students. Now CEO of Uniqlo Japan, she has been tapped by Fast Retailing’s CEO Tadashi Yanai, Japan’s richest person, as a possible successor. Ex-banker Kogiso specializes in environmental, social and governance investing and was responsible for the foundation's 2017 establishment of a roughly $100 million Asia Women Impact Fund. That pales in comparison with places such as the U.S., where women make up about a quarter of executive ranks, according to multiple studies. She works to create opportunities for women and to address the gender gap. I cover the work and wealth of Europe's richest. You may opt-out by. Fast Retailing, which had almost $22 billion in sales in its latest fiscal year, has bucked the trend by actively promoting women. In early 2019, Fast Retailing, which has over 3,600 stores, promoted Akaida to group executive officer. Private Company Tadashi Yanai, Fast Retailing Co. ’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman as it would be better for Asia’s largest retailer. Account active How Different Is The Female Entrepreneur’s Brain? Fast Retailing currently has six women in such roles, after hitting its goal last year of having more than 30% of women in management positions. Maki Akaida, a 40-year-old group senior vice president at parent company Fast Retailing, assumed the role of CEO for Uniqlo's Japanese business this month. Opinions expressed by Forbes Contributors are their own. UNIQLO US. As a result, female CEOs are 45% more likely to be dismissed than male CEOs, a 2018 study by Vishal K. Gupta at the University of Alabama, Sandra C. Mortal at the University of Alabama, Sabatino Silveri at the University of Memphis, Minxing Sun at Clemson University, and Daniel B. Turban at the University of Missouri found. The media was quick to pin the heir-apparent label on Akaida. For 15 years, I was Tokyo correspondent for The Wall Street Journal and Dow Jones Newswires, including tenure as the Journal’s Heard on the Street columnist analyzing corporations, policy issues and the economies in Japan and South Korea. In June 2019, Uniqlo appointed 40-year-old Maki Akaida as the first female CEO for its Japan operations. Female executives often face implicit gender bias, Business Insider previously reported. Akaida, 40, joined the company in 2001 and has managed Uniqlo stores in China and Japan, as well as working in the sales and human resources divisions. As a Scripps Fellow, my research focused on Fukushima-related issues: Energy policy, especially renewable energy and nuclear power; seismology and seismic engineering; and disaster planning and mitigation. A roundup of uplifting stories about everyday heroes. On September 3, Fast Retailing announced that same-store sales at its Uniqlo clothing outlets in Japan rose 9.9% in August from a year earlier. The Southeast Asian region will become an increasingly important part of Fast Retailing’s business, Yanai added.

According to Zuckerberg, this ensures that the company won't lose any momentum when key players leave. Uniqlo's stores outside of Japan now comprise the majority of the chain's sales, according to its website. All rights reserved. As reported by Bloomberg Japan, Yanai said of his CEO role said “the job is more suitable for a woman,” adding that women “are persevering, detail-oriented and have an aesthetic sense.”. Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century. Please review our Japan has struggled against deeply rooted traditions to get more women into its shrinking workforce, especially senior corporate roles. As talk of Uniqlo’s next CEO intensifies, Japan’s prime minister Shinzo Abe has spoken about the need to address the country’s shrinking workforce, and part of that concerns a better quality of work and more senior positions for women.

Nikkei Inc. No reproduction without permission. I studied at Goldsmiths, University of London and joined from Spear's Magazine, where I covered everything from the Westminster bubble to world of wealth management, private banking, divorce law, alternative assets, tax, tech and succession. The 70-year-old’s Tokyo-listed retail clothing empire Fast Retailing is parent of the Uniqlo chain. “We’re in the business of selling clothes — it’s not so good that we’re old,” Yanai said. Roger Federer (left) and First Retailing CEO Tadashi Yanai. Yanai said such investments are a way to both help pursue business goals and contribute to the world, as upward mobility in developing countries would likely eventually boost Fast Retailing’s top line. I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. This content was commissioned by Nikkei's Global Business Bureau.

Yanai's efforts are especially rare in Japan, where only 4.1% of executive-level roles at publicly traded companies are filled by women, according to Japan's Gender Equality Bureau Cabinet Office. Having an eye on their succession plans is one strategy that has helped many successful founders and CEOs build strong foundations. Directing the office starting this month is Mari Kogiso, director of the Gender Investment and Innovation Department at the Sasakawa Peace Foundation. The World Economic Forum ranks Japan at No. All Rights Reserved, This is a BETA experience. Fast Retailing shares climbed 0.9% in Tokyo trading on Wednesday. As Yanai gets older, he’s been asked more frequently about succession at the company, which he built from his father’s tailor shop into a global brand. With a host of names rumored to be in the running for the firm’s top job, any successor would be joining a retailing empire with operating profit last year of $2.3 billion. TADASHI Yanai, Fast Retailing's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer. Investors are looking at gender diversity in management ranks to evaluate their holdings. Akaida is the second person to hold the Japan CEO title after a long reign by Fast Retailing Chairman, President and CEO Tadashi Yanai. Congratulations to Maki Akaida, the new CEO of Uniqlo Japan. as well as other partner offers and accept our, "When we do performance reviews with folks, a lot of the review is just based on what they do over the period of the performance review, but do you have a good successor, are all your key positions filled, do all your key people have successors?" Maki Akaida, a 40-year-old group senior vice president at parent company Fast Retailing, assumed the role of CEO for Uniqlo's Japanese business this month. “The job is more suitable for a woman,” Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview. Maki Akaida, the head of Fast Retailing's Japan unit is a "possibility" for the CEO position, Yanai told Bloomberg. "When we do performance reviews with folks, a lot of the review is just based on what they do over the period of the performance review, but do you have a good successor, are all your key positions filled, do all your key people have successors?" I have conducted hundreds of interviews for print and television, including for CNBC, and covered Asia’s financial crisis and the aftermath of the Fukushima nuclear disaster. When managing a store in the capital’s desirable suburb of Kichijoji, she was known for successfully overseeing one of the most popular Uniqlo outlets in the country. Uniqlo appoints First Female, Maki Akaida, as... Forbes: Women, Leadership, and Vision Advice from Kristen Pressner, SVP of HR at Roche Diagnostics, Air France becomes First Major Airline to be Led by Female CEO.

Yanai said he wants to increase the ratio of female senior executives to more than half the total. Expensify CEO Emails 10 Million Customers Urging Them to Vote for Biden, Gilead’s Remdesivir Becomes First Virus Treatment to Win FDA Nod, Get Ready for an Eye-Popping U.S. GDP Number, U.S. Stocks Rise With Treasuries Amid Aid Talks: Markets Wrap, U.S. Cases Surge Past 70,000; France Tops Record: Virus Update.

Akaida is the second person to hold the Japan CEO title after a long reign by Fast Retailing Chairman, President and CEO Tadashi Yanai. TOKYO — Casualwear retailer Uniqlo has promoted a former manager of a busy Tokyo store to take charge of operations in its home market of Japan, where population decline makes maintaining earnings a challenge. When managing a store in the capital's desirable suburb of Kichijoji, she was known for successfully overseeing one of the most popular Uniqlo outlets in the country. And although sales in Asia remain strong, U.S. expansion is on hold after Yanai shelved a 2012 goal to open 1,000 Uniqlo stores in the U.S.—it currently has 50.

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