/ Mar 6, 2017

Isetan Mitsukoshi CEO Onishi to step down over poor sales

Hiroshi Onishi plans to step down as president and chief executive officer of leading department store operator Isetan Mitsukoshi Holdings Ltd. at the end of this month, informed sources said on Monday. Onishi, 61, intends to take responsibility for the recent poor performance of ...

Lawson offers specialized services for elderly customers

Mar 6, 2017

Lawson offers specialized services for elderly customers

A convenience store retailer is adding elderly care support services to several of its stores, motivated by the surge in Japan’s rapidly aging population. While other convenience store chains have added meal delivery services to target older generations, Lawson Inc. has opened service areas ...

China shoppers ended 2016 on spending spree but headwinds seen brewing

Jan 16, 2017

China shoppers ended 2016 on spending spree but headwinds seen brewing

Chinese consumers flocked to malls, restaurants and cinemas ahead of the year’s biggest holiday season, highlighting the consumption power transforming the economy. Foot traffic at shopping centers and eateries edged up while online sales climbed from a year earlier, according to data from Baidu ...

Household spending drops for ninth consecutive month

/ Dec 27, 2016

Household spending drops for ninth consecutive month

The nation’s household spending declined for the ninth consecutive month in November, the government said Tuesday, reflecting consumers’ continuing preference to save money rather than spend. The government also said the unemployment rate remained low at 3.1 percent in November despite a 0.1 point ...

Department store sales fell 2.4% in November

/ Dec 20, 2016

Department store sales fell 2.4% in November

Sales at department stores across Japan dropped 2.4 percent in November from a year earlier on a same-store basis, down for the ninth consecutive month. Overall sales at 234 outlets run by 81 companies stood at ¥525.7 billion, the Japan Department Stores Association said ...