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 ...

Major department store chains raided over alleged price-fixing cartel

Business 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 ...

Business 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 ...

Department store closures mark end of an era

Business Sep 28, 2016

Department store closures mark end of an era

by Mizuho Aoki

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 ...

Department stores beef up Chinese service before Year of the Sheep

Business Feb 16, 2015

Department stores beef up Chinese service before Year of the Sheep

Major department stores are beefing up their service for Chinese customers ahead of the Lunar New Year holiday season starting Wednesday, bidding for big-spending tourists to offset the slump in domestic spending. The Year of the Sheep begins on Thursday, and Chinese visitors are on ...