Japan's department stores sales fell 1.4% in July

Business / Corporate Aug 21, 2017

Japan's department stores sales fell 1.4% in July

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 ...

Sendai-based upstart taking on big Osaka appliance makers

Business / Corporate May 25, 2017

Sendai-based upstart taking on big Osaka appliance makers

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 ...

China shoppers ended 2016 on spending spree but headwinds seen brewing

Business 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 Inc., ...

Household spending drops for ninth consecutive month

Business / Economy 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 increase ...