Mar 22, 2016

Supermarket sales rise for second straight month

Supermarket sales increased 3.4 percent in February from a year earlier on a same-store basis, an industry body said Tuesday. It was the second straight month of gain. Food sales rose 5.2 percent, aided by the growing popularity of prepared foods. Sales of household ...

Jan 22, 2016

Retailers wage duty-free war for tourist cash

Retailers are fighting tooth and nail to lure foreign visitors, mainly from China, as Japan set third consecutive record high for tourism in 2015. In Tokyo’s posh Ginza district, two giant, separately owned duty-free shops are slated to open by the end of March ...

| Nov 21, 2015

Paris attacks may cause French economy little lasting harm

France can withstand the financial shock of the Paris attacks, analysts say, despite people deserting big stores, shunning concert halls and canceling hotel bookings. The experience of attacks in New York in 2001, Madrid in 2004, London in 2005 and Bombay in 2008 shows ...

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 ...