Jan 9, 2015

Fast Retailing's profit beats estimates as Uniqlo sales surge

Fast Retailing Co. reported a 64 percent spike in quarterly profit after selling more Uniqlo casual wear than expected in Japan and overseas, while the weakening yen further boosted returns. Net income rose to ¥68.8 billion in its fiscal first quarter ended in November, ...

Jan 6, 2015

Aeon to reshuffle management, devolve some duties

Supermarket operator Aeon Co. plan to reshuffle its senior management and devolve some duties. The changes are designed to halve the number of executive officers and employees at the holding company in fiscal 2015 and transfer human resources functions to other units. By focusing ...

Dec 8, 2014

Aeon eyes frozen food production for France's Picard

Major retailer Aeon Co. might make products for French frozen food retailer Picard Surgeles SAS in Japan, according to sources close to the matter. Aeon is planning to hold talks with Picard about the possibility of producing its frozen food items in Japan, because ...

Nov 29, 2014

Post-Thanksgiving shopping chaos spreads to Britain

Americans celebrating Thanksgiving in Britain may have felt right at home as Black Friday shopping chaos caused disruptions. The practice of offering bargain prices the day after Thanksgiving has spread across the Atlantic, with some retailers opening overnight to lure shoppers. Police were called ...

Oct 11, 2014

Kmart becomes latest retailer hit by data theft

Sears Holdings Corp. said Friday that a data breach at its Kmart stores that started last month may have compromised some customers’ credit and debit cards. The data theft at Kmart is the latest in a string of hacks at big retailers including Target, ...

Oct 6, 2014

Uniqlo operator wins Retailer of the Year award

Fast Retailing Co. , operator of the Uniqlo casual wear chain, said Monday it has received the 2014 Retailer of the Year Award from the World Retail Congress. It is the first Japanese company to win the award. “We are honored to have been ...

Oct 4, 2014

Aeon's first-half net profit dives 91% after sales tax hike

Aeon Co. reported that net profit plunged 91.4 percent to ¥2.02 billion in the first half of the business year as weak consumer spending after the April consumption tax hike hurt the giant retailer’s mainstay supermarket business. The nation’s biggest retail chain also said ...

Sep 30, 2014

Lawson to buy high-end supermarket operator Seijo Ishii

Lawson Inc. said Tuesday it will purchase high-end supermarket operator Seijo Ishii Co. on Oct. 31 as part of moves to expand its operations. The major convenience store operator will acquire all outstanding Seijo Ishii shares from investment fund Marunouchi Capital Co., which now ...

Sep 20, 2014

Folksy beer maker Pabst Brewing to be sold to Russian company

The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake ...

U.S. retailer apologizes for 'blood-spattered' Kent State sweatshirt

Sep 16, 2014

U.S. retailer apologizes for 'blood-spattered' Kent State sweatshirt

Hipster retailer Urban Outfitters apologized Monday for offering a one-of-a-kind Kent State sweatshirt with what appeared to be faux bloodstains recalling the 1970 student massacre at the university in Ohio. It pulled the $129 garment from the women’s wear section of its website after ...

Visual shop search: gimmick or game changer?

Aug 29, 2014

Visual shop search: gimmick or game changer?

Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them. It is a great idea, but it doesn’t quite ...