Many people operate their own cottage industries by making and marketing crafts. Weaving, crochet and knitting are among the craft work found in cottage industries. A good example is Louisa Goodrich, who founded Alanstand Cottage Industries in North Carolina. Goodrich was born in 1856 and died in 1944.
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But they are found in almost every wardrobe. Uniqlo, a successful Japanese firm with big ambitions, has transformed them into a goldmine. Having conquered Japan, it is now taking on the world. Uniqlo's parent company, Fast Retailing, is Japan's biggest clothing company, with sales of $9 billion forecast this year. Whereas many Japanese businesses are ailing because of the stagnant domestic economy, Fast Retailing is flourishing.