As per Tadashi Yanai, Chairman and CEO, Fast Retailing, the company does not plan to raise its prices in 2021 as it may hamper sales. Yanai expects China and Southeast Asia to drive consumer spending in 2021. According to him, in and after 2021, Asia will be the center of the world. Quality of brands and products will become more important as people will economize their spending. Consumers will select reliable, truly good brands.

Yanai further said, the days of suit will come to an end as people will prefer to shop for casual clothing. People will select clothes that are comfortable to wear as working clothes as well as in their homes and that last long and can be worn in various combinations. There will be no need for clothes that are worn for a year and then are discarded.

Retail businesses with physical stores will not disappear. In the future, consumers will come to stores to check clothes while purchase them through the internet.