Department stores sales in Japan fell 1.4 percent in July from a year earlier on a same-store basis, due partly to weak sales of clothes and food items, an industry body said Monday. Sales at 229 stores run by 80 companies totaled ¥547 billion ($5.0 ...
Household spending rose in June after 15 months of declines, official data showed Friday, as the government battles to make a clean break from deflation and stoke economic growth. The upturn is a boost for Prime Minister Shinzo Abe, who has been trying to ignite ...
Sales at convenience stores fell 0.1 percent in June from a year earlier to log the first drop in four months, with rainy days in northern Japan and low temperatures in western Japan keeping customers away, industry data showed Thursday. The same-store sales of eight ...
Vending machine operators have recently been seeking new ways to expand their sales as they face competition from convenience stores that offer an increasing variety of products. Japan has a staggeringly high density of vending machines — about 4.9 million units nationwide. About half of ...
Japanese ¥100 shop operator Can Do, buoyed by unexpectedly strong demand in Thailand, aims to aggressively expand the number of outlets from the current seven to as many as 100 by 2020. After only two years of operation in Thailand, Can Do is taking steps ...
Iris Ohyama, based in Sendai, is taking on Osaka Prefecture's more established home appliance makers, including Panasonic and Sharp, in the battle for consumers' hearts and wallets. Iris joined the home appliance market in 2009 and its strategy of manufacturing cheaper alternatives to big-name rivals ...
With the use of virtual currency spreading, especially overseas, more retailers in Japan are opening up to payments from tourists via the blockchain technology.
It might be a healthy food choice, but Hong Kong's latest fruit fad is doing serious damage to shoppers' wallets. From luxury supermarkets to outdoor stalls, expensive premium produce is increasingly on show and sought after by customers. At Hong Kong's vibrant Yau Ma Tei fruit ...
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 the ...
Japan is one of the most cash-dependent countries in the world, according to a recent Bank of Japan report. The report, based on Bank for International Settlements data for 2015, said the ratio of cash in circulation to nominal gross domestic product was 19.4 percent ...
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 that ...
The National Consumer Affairs Center of Japan has issued a warning after receiving reports of some 20 cases of people developing burns and swollen skin from a beauty treatment involving the use of an ultrasonic device over the past four years. The High Intensity Focused ...
