Word: japanize
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...point: Uniqlo, the local entry in the segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever...
...Granted, you don't normally associate the word cheap with Japan. But cheap land, cheap chic; something's going...
...pictures of Japan and the world...
...Panic over the threat of a global pandemic has subsided since early May, as governments around the world have stepped up preventive measures that seem to be keeping the virus under control. But Japan's weekend cases are not alone; by Sunday, the U.K. confirmed 14 more cases, while Turkey and India both announced their first, bringing the number of countries affected to 39. In Hong Kong, a 23-year-old student returning from North America became the territory's third swine flu case, and the 63 passengers who sat closest to him on his flight are being tracked...
...officials by surprise, the Japanese health ministry confirmed on Monday at least 125 new cases of the H1N1 virus - or swine flu - in the country's Western prefectures of Osaka and Hyogo. Officials have shut down about 1,000 schools, since many of the infected were high school students. Japan is now, along with the U.K. and Spain, one of the few countries outside of North America where the World Health Organization (WHO) fears sustained human-to-human transmission of the virus could lead to the onset of a full-blown pandemic. "We must respond calmly and appropriately," warned Japanese...