1.0 Introduction Uniqlo is a multinational firm which is Japanese company. Uniqlo started their business in 1984. Uniqlo’s mission is to enable people to enjoy the joy, satisfaction and happiness of wearing their casual clothing. With locations in over 14 countries and regions, Uniqlo need to employ many people in order to run their business (UNIQLO 2014). In other words, if Uniqlo start their business in a new place, job opportunities will increase. Appendix 1 shows review of employees who work in Uniqlo in other country. In Malaysia, Uniqlo has 23 stores which locate at Mid Valley Megamall, One Utama and other places. Appendix 2 shows a research on multinational firm which related to Uniqlo. 2.0 Existing Compensation and Benefits Plan that Offered to Uniqlo’s Employees Uniqlo offers many compensation and benefits to their employees. Normally, a good compensation and benefits can help to attract and keep the high performing employees in the organisation. Therefore, compensation and benefits plan that offered to employees are very vital in order to achieve oraganisational goals. First of all, one of the existing compensation and benefits plan that offered to Uniqlo’s employees is dental benefit (JobStreet 2014). Appendix 3 shows the benefits offer to Uniqlo’s employees. During interview with one of the assistant store managers, Dorothy (2014, pers. comm, 10 July 2014) told us that for lower level employees such as retail associates, they
Benefits for employees are key to the worker’s future or retirement. Benefits are also another reason why many people choose to work at that specific place of profession. Employees with families have to look for the benefits to help with their children’s future and health. An excellent example of a workplace with employee benefits is Costco. Costco employee’s starting pay is $11.50 an hour.
1. Introduction Under Armour, Inc. (Under Armour) is a leading sports apparel and equipment manufacturing company founded in 1996 by Kevin Plank, a 23-year-old former University of Maryland football player.. He revolutionized the sports apparel industry by creating a superior, moisture-wicking, performance T-shirt, made of synthetic fabrics. Under his leadership, the company grew from a 17,000-dollar business in 1996 to a 4.83-billion-dollar empire. 2.
On a warm day in New York City in 1911, tragedy struck. It was an incident that would be written up in newspapers across the country; a horrendous incident that would change legislature, labor laws and hundreds of lives forever. This dreadful event left nearly 150 girls and women dead, and became one of the most murderous fires in the history of New York City. The day was March 26, 1911, and the fire at the Triangle Shirtwaist Factory was an historic one.
Decentralized management and operations as well as the high peer pressure that existed at Nordstrom added to these extremely serious problems that led to litigations starting in 1991 by Local 1001 clerk union and could’ve cost Nordstrom its hard-built reputation in the industry. The sales per hour (SPH) incentive compensation
Training programs are important to develop and have such kind of employee. Tesco encouraged employees
Artificial intelligence is widely applied in different fields, such as medicine, engineering and design. Fashion industry is one of the industries that artificial intelligence applications are used in production processes. There are four operation processes of the fashion industry: fashion design, manufacturing, retailing, and supply chain management. The fashion industry, or called apparel industry, is the industry engaged in manufacturing garments and accessories and it is one of the most significant economic sectors in the world. Design, manufacturing and retailing are the three compulsory processes for a fashion item from designers and sold to customers.
NIKE The Factors that Led to Success and Failure of Nike in its Venture across International Markets Abishek TR* Abstract- Key words: INTRODUCTION The largest American suppliers of athletic shoes, apparel, and sports equipments .At the same point of time ,this company is known worldwide .The Success of this company is the result of the various strategies used in the international market expansion which helped them to enter into new markets and to strengthen its position in the traditional ones .
Executive Summary: Under Armour is a company which was launched by former University of Maryland football player Kevin Plank. When he first started his business, it was named KP Sports, it is now known as Under Armour. The company started very small and operations were held from the basement of the founder's grandmother's house. However, the company soon expanded to have a remarkable market share in the sports apparel industry.
Competitive strategy is a suit of methods and action sequence deliberately planned and put into place by companies in the face of market competition. This seems to be a clear way of keeping their market shares, expanding sales and managing the product lines to deliver desired results. The corporate world often needs some sorts of solid strategies considering the trends of the market competition. Beyond the issues of quality and distribution, companies often need to plan ahead and protect their market share in the sale.
Emergence of fast fashion has brought a drastic change in the fashion industry on a global level. Over the past decade it has brought a significant development in the retail sector as well as consumer behavior. This essay highlights the challenges and the opportunities as well as short term and long-term impacts of fast fashion on the industry. Fashion is a style of clothing or dressing at a particular time or place. Fashion is dynamic that is it keeps changing or evolving with time.
Uniqlo is a company from Japan; it could easily take advantage of this political factor. Vietnam – Japan Economic Partnership Agreement signed in 2008 has brought opportunities for two countries’ businesses and consumers to “access capital sources, modern technology, materials and goods” effectively (Viet Trade Promotion Agency, n.d) 2. Economic Economic bodies which constitute the external environment have certain influences on economic environment faced by organizations (Capon, 2009). • It is expected that, in 2016, among the six major countries in ASEAN group, Vietnam would grow fastest (The Economist, 2015). • Vietnam has been a member of WTO and a TTP trade agreement: these practices promote more competition and provide more mode of entry alternatives for new firms into Vietnam markets (KPMG, 2015).
In Malaysia UNIQLO run their operation by DNP who is their joint venture partner. DNP clothing controls 45% of UNIQLO Malaysia’s business and playing important roles in managing and running the operation of store locally. Most of the local affairs and administration are in-charged by DNP clothing. Furthermore, suppliers are including manufactures, service providers, consultants and contract labor.
Nike moves its factories to Indonesia, Vietnam, and China, when the cost in Japan became expensive. And the source of crisis is the working condition in these factories because of the accusation of poor condition, child labor, and widespread harassment
(Refer to figure 5) Using this model, Uniqlo was able to successfully differentiate itself from other retailers by developing unique products based on innovations than fashion trends. They are able to make quick adjustments to the production according to the latest sales trends and minimise store operation costs. This has allowed Uniqlo to sell high-quality clothes at affordable prices. Uniqlo is now working on a new supply chain that combines both their real and virtual business together. They have engaged one of Japan’s largest home builders, Daiwa House Industry, to help construct a state-of-the-art distribution center in Tokyo.
In the late 1990, although the Japanese economy went through “The Great Recession” for almost an entire decade, Uniqlo focused on all those consumers who were cutting back on their spending to expand operations during this period. Uniqlo