Fast Retailing forecast lags estimates as U.S. losses mount

Oct 9, 2015

Fast Retailing forecast lags estimates as U.S. losses mount

Fast Retailing Co. forecast lower profits this fiscal year than analysts are expecting after losses at its Uniqlo and J Brand businesses in the U.S. hurt last year’s earnings. Net income will probably rise 4.5 percent to ¥115 billion ($960 million) in the year ...

Sep 8, 2015

FamilyMart buys midsize convenience store chain Cocostore

Japan’s third-biggest convenience store operator FamilyMart Co. has agreed to buy smaller local rival Cocostore Corp. for around ¥13 billion as part of a major industry realignment in the face of a shrinking domestic market, the company announced Tuesday. The deal will put the ...

Sep 7, 2015

July composite economic index down on weak industrial output, shipments

Japan’s key composite index of economic indicators, reflecting the current state of the economy, fell in July for the first time in two months, the government said Monday, reflecting a slowdown in manufacturing activity. The index of coincident indicators, such as industrial output, retail ...

Aug 21, 2015

Japan retailers benefit from hot July

Japanese retailers enjoyed brisk sales in July, with demand for cold drinks, summer clothes and other seasonal goods boosted by scorching heat late in the month, industry data have shown. Same-store sales at supermarkets rose 1.9 percent from a year earlier, up for the ...

Aug 20, 2015

FamilyMart, Uny may put off business integration accord

Retailers FamilyMart Co. and Uny Group Holdings Co. are mulling putting off the conclusion of a basic accord on their planned business integration to September or later, it was learned on Thursday. This is because Uny’s work to draw up measures to shore up ...