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, ...