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Why Uniqlo is thriving right now
  + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +7 min
Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.
Persons: , Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's
Read previewA former resident of The World, an exclusive private residential ship with a strict invite-only policy, said living on board was not unlike HBO's "The White Lotus." In fact, Antonucci told CNN Travel that it was not dissimilar to the popular HBO series, which has won 15 Primetime Emmy Awards. AdvertisementDescribing the ship as a "country club meets sorority house," Antonucci told CNN Travel that there was "drinking and carousing" and infidelity on board. Though Antonucci told CNN Travel that people begged him not to write about them, guests later asked him why they weren't featured. At first, he told CNN Travel, he was shocked by how expensive everything was, but by the second day he asked how he could sign up.
Persons: , Peter Antonucci, Antonucci, I'm, sinning, you've Organizations: Service, CNN Travel, Business, HBO, CNN
Ted Cruz preached tolerance for the LGBT community during a Twitter spat with a pastor. "Let he that is without sin among you, let him first cast a stone at her," Cruz tweeted. The Texas senator then invoked another Bible verse to support his argument that gay people should not be persecuted. We are talking the laws of man, not the Old Testament laws of God,'" Cruz tweeted. Cruz also mentioned another Bible verse — "let he that is without sin among you, let him first cast a stone at her" — arguing that it is cruel and hypocritical to judge others for sinning.
Persons: Ted Cruz, Cruz, , Sen, Tom Ascol, Jesus, Caesar, Ascol, Hodges, Roe, Wade Organizations: Service, Newsweek, The Texas Tribune Locations: Florida, Texas, Uganda
Twitter is not dead — but some of its users are already mourning what the platform was, before Elon Musk's takeover. As the site descends further into chaos, users are getting nostalgic and sharing their favorite memories of "old school Twitter." On Thursday, she asked her followers to share a “happy Twitter memory,” and said the responses affirmed her appreciation for pre-chaos Twitter. “Somebody said, ‘I used to think that queer people were sinning ... and now I don’t because of Twitter,’” Crozier said. There were users who pointed out that Twitter, pre-Musk, had been referred to as a “hellsite“ where users “doomscrolled“ for hours.
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