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Struggling retailer Daiei Inc. said Thursday it has reached an agreement with Fast Retailing Co., which runs the Uniqlo clothing stores, on a tieup to open a new low-price casual clothing chain, with outlets at all Daiei general merchandise stores.

Under the agreement, Fast Retailing will develop a new chain focused on inexpensive casual wear, and open outlets at Daiei’s 148 stores starting in the fall.

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