Uniqlo parent Fast Retailing's CEO Tadashi Yanai aims to become the world's biggest apparel retailer by 2020, a title currently held by Spain's Inditex. Reportedly, past efforts to leap forward in the US with acquisitions of companies including Liz Claiborne and Barneys New York have fallen through, and some analysts say the Japanese player may be able to reach its goal organically. "If it wins decisively in Asia, the world's growth driver, it is not inconceivable that it could become No. 1 without a big acquisition and without becoming No. 1 in the U.S.," said analyst Masafumi Shoda.

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