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Fast Retailing, Seven & I mull partnership

By Sarah ChenJapan
1 min read
uniqlo
uniqlo
In this article (4)

Two of Japan’s largest retail businesses are eyeing a “comprehensive business alliance” according to Japanese news reports.

A strategic relationship currently under discussion could see a range of mutually beneficial co-operations spanning physical stores and eCommerce.

Details are still sketchy, but according to news reports, Fast Retailing, the parent of Uniqlo, could work with Seven & I, parent of 7-Eleven convenience stores and the Ito-Yokado supermarket chain, on areas including product design, house brands, marketing and distribution.

Uniqlo may use 7-Eleven stores as collection points for online purchases.

The two companies may also launch a joint venture clothing brand outside the Uniqlo network.

To date, that’s as much information as has leaked out.

Questions & Answers

Q.

Which specific companies are involved in the potential business alliance?

A.

Fast Retailing, the parent company of Uniqlo, is considering a partnership with Seven & I, which owns 7-Eleven convenience stores and the Ito-Yokado supermarket chain. These are two of Japan’s largest retail businesses.

Q.

What areas of co-operation are reportedly being discussed between the two retailers?

A.

Discussions reportedly cover product design, house brands, marketing, and distribution. There is also a possibility of Uniqlo using 7-Eleven stores for online purchase collections and launching a joint clothing brand.

Q.

What might be one practical application of this partnership for Uniqlo customers?

A.

Uniqlo customers may be able to collect their online purchases from 7-Eleven stores. This would be a convenience for customers, using the existing network of 7-Eleven locations.

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