The market was weighed by sharp moves in large index constituent Fast Retailing Co.
Nor does the Fast Retailing business model ask too much of Japan's impoverished managers.
Fast Retailing, the firm behind budget fashion brand Uniqlo recently posted a sharp fall in sales.
At the same time, Sander had signed on with another Japanese firm, Fast Retailing Co.
Brands under the Fast Retailing umbrella include Uniqlo, Theory, Comptoir des Cotonniers, g.u.
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But the name of his company, Fast Retailing (OTC: FRCOY), is less well known than his major store brand name: UNIQLO.
The Nikkei was helped higher by another surge in major index constituent Fast Retailing, which jumped 8.1% to a fresh all-time high.
Fast Retailing is looking to turn Tokyo-based Uniqlo into a global brand.
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Fast Retailing offers clothing under a number of brands including Theory, g.u.
In 2003, Link Holdings, Theory's Japanese licensee (owned partially by Fast Retailing, which today owns it in full), offered to buy Rosen and Tahari out.
Shares that have performed in recent sessions pulled back on Tuesday, though technology exporters welcomed the weaker yen: Fast Retailing fell 2.3% while Canon Inc.
The 62-year-old Yanai, who founded parent company Fast Retailing in 1991, once declared that Uniqlo would try to become the world's biggest apparel company by 2020.
Fast Retailing faces a stagnant economy and shrinking population at home, and its future growth depends on its ability to continue to churn out affordable, fashionable wear elsewhere.
Fast Retailing, a heavyweight constituent in the Nikkei, jumped 3.6%.
Other Fast Retailing-owned brands include Theory and Helmut Lang.
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The selling in Tokyo affected companies that had recently made strong gains such as Fast Retailing, the company behind the Uniqlo chain of stores, which was down 3.7% as well as exporters that were hurt by the stronger yen: Toyota Motor Corp. fell 3.4% and semiconductor manufacturer Tokyo Electron lost 5.3%.
Tower Records, now a bag of fast-depleting, fast-selling assets, symbolizes for many the bankruptcy of bricks and mortar music retailing.
Even though KMart had pioneered discount retailing, it could not compete with the fast growing, supply chain innovating Wal-Mart.
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