June department store sales in Japan fall 19%

Business Jul 21, 2020

June department store sales in Japan fall 19%

Japan's department store sales declined 19.1 percent from a year earlier in June, improving from sharper falls in the previous months after the lifting of a state of emergency over the new coronavirus allowed stores to reopen, an industry body said Tuesday. Sales in June ...

Tokyo department stores ramp up operations as virus concerns ease

Business May 23, 2020

Tokyo department stores ramp up operations as virus concerns ease

Major department stores ramped up operations Saturday following a six-week suspension for the coronavirus pandemic. After Seibu's flagship store opened its doors at 10 a.m. in Tokyo's Ikebukuro district, more than 50 people who were waiting entered after having their temperatures checked and disinfecting their ...

Retailers in Japan brace for tough year as virus hits consumption hard

Business Apr 14, 2020

Retailers in Japan brace for tough year as virus hits consumption hard

Recent decisions by major retailers including Seven & I Holdings Co. and Takashimaya Co. to forego the release of earnings guidance due to the coronavirus outbreak highlights the seriousness of Japan's consumption slump. Convenience stores, supermarkets and drugstores, exempt from the government's business closure requests, ...

Coronavirus took toll on Japan's auto and retail sales in February

Business Mar 3, 2020

Coronavirus took toll on Japan's auto and retail sales in February

Automakers and department store operators reported sharp sales declines in February as the spread of the new coronavirus dented consumer sentiment and drove away foreign tourists. The weak data came as analysts warned of a second consecutive quarter of contraction in January to March, with ...

School closures causing shorter retail and restaurant business hours

Business Mar 3, 2020

School closures causing shorter retail and restaurant business hours

School closures due to the coronavirus outbreak are exacerbating manpower shortages at retailers and restaurants, forcing them to cut their business hours. The emergency closures of elementary through high schools began Monday. They are to remain shut until spring break ends in April. Many working parents ...