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UNIQLO Unknown Facts

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UNIQLO, the Japanese clothing company, became famous worldwide and in the process, made its founder Tadashi Yanai the richest man in Japan, with a net worth of $ 24.9 billion.  The Company also became the third largest clothing retailer in the world, with an annual revenue of $ 18.9 billion in 2018.  Here are some unknown facts about UNIQLO.

Unknown facts about UNIQLO

1) The name UNIQLO was the result of a clerical mistake.  The Company was originally intended to be named Uniclo, which is a combination of ‘unique’ and ‘clothing.’  However, due to a clerical error in the Company’s registration papers, the name was changed to UNIQLO. 

2) UNIQLO takes an active part in charity.  It regularly recycles old clothes and donates them to refugee camps worldwide.  At one point, the Company had donated nearly 11 million clothes to various charities.

3) UNIQLO Japan hires a lot of people with disabilities.  The Company has a larger number of disabled employees working for them, compared to any other business in Japan.

4) November 21st, 2001 was UNIQLO’s most profitable day.  The Company opened its first store in South Korea’s capital, Seoul and earned $ 1.6 million on its opening day.

5) Although the Company is famous for its clothes, UNIQLO’s founder Tadashi Yanai considers it a technology company instead of a fashion company.

6) UNIQLO once ran a Hello Kitty campaign in collaboration with the company Sanrio, in order to raise awareness about cervical cancer.

7) Every UNIQLO store in the world has one thing in common—its manager’s office has a poster which reads, “ALWAYS FOLLOW COMPANY DIRECTION. DO NOT WORK YOUR OWN WAY.”

 

Which of these unknown facts about the Japanese company UNIQLO surprised you the most?  Comment below and let us know.

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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