Japan's department stores sales fell 1.4% in July

/ 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 ...

Major department store chains raided over alleged price-fixing cartel

Jul 20, 2017

Major department store chains raided over alleged price-fixing cartel

The Fair Trade Commission has searched major department store chains mostly in western Japan on suspicion they formed a price cartel to inflate shipping charges for their products. The FTC's inspections over the alleged price-fixing practice were conducted Wednesday at seven chains, including Osaka-based Takashimaya ...

/ Mar 6, 2017

Isetan Mitsukoshi CEO Onishi to step down over poor sales

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 ...

Department store sales fell 2.4% in November

/ Dec 20, 2016

Department store sales fell 2.4% in November

Sales at department stores across Japan dropped 2.4 percent in November from a year earlier on a same-store basis, down for the ninth consecutive month. Overall sales at 234 outlets run by 81 companies stood at ¥525.7 billion, the Japan Department Stores Association said Tuesday. But ...

Oct 6, 2016

Seven & i, H2O agree on capital, business alliance

Seven & i Holdings Co. and H2O Retailing Corp. said Thursday they have agreed on a capital and business tie-up, with Seven & i selling some of its department stores to the operator of the Hankyu and Hanshin department stores. Seven & i said it ...

/ Oct 3, 2016

Isetan Mitsukoshi opens small tea-themed outlet in Paris

Department store operator Isetan Mitsukoshi Holdings Ltd. on Friday opened a small outlet in Paris to sell Japanese confectioneries and sundry goods. Previously, Isetan Mitsukoshi ran an outlet that catered mainly to Japanese visiting Europe. This shop, on the ground floor of Maison de la ...

Department store closures mark end of an era

Sep 28, 2016

Department store closures mark end of an era

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On a recent weekday morning, the Sogo department store in Kashiwa, Chiba Prefecture, is unusually crowded with shoppers flocking to a closing down sale before it shuts its doors for good on Friday. Many stop to take pictures of a sign at the entrance displaying ...