Retailers may not reflect tax hike in prices

Oct 4, 2013

Retailers may not reflect tax hike in prices

Two major retailers might decide to leave product prices unchanged after the consumption tax is raised to 8 percent next April. “It is our duty to offer an item, say currently priced at ¥98, at the same price even after the tax rate rises ...

Ito-Yokado begins six-day veggie sale

Jul 17, 2013

Ito-Yokado begins six-day veggie sale

Supermarket chain Ito-Yokado Co. began a nationwide six-day bargain sale of vegetables Wednesday amid rising prices stemming from tight supply due to unfavorable weather. Ito-Yokado said it has set prices of 16 items 15 to 65 percent lower than Monday’s prices at its 156 ...

Aeon to take over Daiei in bid for dominance

Mar 31, 2013

Aeon to take over Daiei in bid for dominance

Aeon Co. announced Wednesday it will increase its stake in Daiei Inc. to turn the smaller superstore chain into a subsidiary, creating a massive retailing group that will have combined sales in excess of ¥6 trillion. Aeon, which owns a 19.9 percent stake in ...

Aeon makes play for control of Daiei

Mar 19, 2013

Aeon makes play for control of Daiei

Retail giant Aeon Co. is looking to become the top shareholder of Daiei Inc. by buying shares in the retailer from the major trading house Marubeni Corp., sources said. Aeon has already approached Marubeni, which is Daiei’s biggest shareholder with a stake of about ...