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As of its 2006-year end Tesco was the fourth largest retailer in the world behind Wal-Mart, Carrefour and Home Depot. Tesco moved ahead of Home Depot during 2007, following the sale of Home Depot's professional supply division and a decline in the value of the US dollar against the British pound.
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.