NEWSWORTHY
'War' on food waste can save money and boost profits, Israeli tech firm says
Wasteless, an Israeli firm seeking to reduce food waste and save consumers money, won $2 million in funding on Tuesday, as more businesses seek to cut food losses amid rising global hunger. The two-year-old firm sells software to supermarkets so that they can manage their ...
Retail sales in June grew 1.8 percent from a year earlier to ¥11.8 trillion, up for the eighth consecutive month, the Ministry of Economy, Trade and Industry said Monday. The increase was due to rising prices of petroleum products and robust food sales, ministry officials ...
Bargain-hunting Chinese make Japanese retail king Bic Camera a billionaire
Japanese retail tycoon Ryuji Arai can thank a growing flock of Chinese spenders for his swelling fortune. Bic Camera Inc., the Tokyo-based consumer electronics retailer that sells everything from cosmetics to liquor at discounted prices, has become a sought-after destination for tourists shopping in Japan. ...
Japanese clothing chain Uniqlo has leveraged its prowess in mass production to build a fashion empire filled with shelves upon shelves of affordable, good quality items like down jackets, underwear and T-shirts. Now the 17-nation, 1,734-store retailer is on a quest to beat Western giants ...
Broken baby food jar leads Swedish man to create 24/7 unstaffed store
Parenthood may be hard but those challenges can also lead to new ideas. Ask Robert Ilijason, for whom a broken baby food jar eventually led to the opening of Sweden's first around-the-clock unstaffed convenience store. The store is located in Viken, where Ilijason lives, a village ...
Kumamon product sales top ¥100 billion in 2015 for first time
Sales of products featuring Kumamoto Prefecture's popular Kumamon black bear mascot surpassed ¥100 billion in 2015 for the first time, the prefectural government has said. The figure, released Wednesday, represented the fifth straight year of record sales for such products since the local government began ...
Japan's industrial production rose in January from the month before, beating forecasts, while retail sales fell, suggesting the recovery of the world's third-largest economy is still on the ropes. January's increase in factory output was a turnaround from month-on-month declines in November and December. But ...
A study shows that wealthy Chinese remain the No. 1 buyers of luxury products worldwide, inured to economic turmoil at home as they zigzag the globe in search of deals on everything from handbags to jewelry. The study by Bain & Company consultancy released Thursday ...
FamilyMart Co. has agreed to buy Uny Group Holdings Co., the operator of the Circle K and Sunkus chains, creating the nation's second-largest convenience store operator. It will be an all stock transaction valuing the company at about ¥171 billion. FamilyMart will pay 0.138 of a ...
Retail sales rose less than forecast in April, signaling a weak start to the second quarter for an economy that is still weighed down by last year's sales-tax increase. Sales climbed 0.4 percent from March, when they dropped 1.8 percent, government data released Thursday showed. ...
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 ...
Stores see profit in prayer as they cater to foreign tourists
From free Wi-Fi to prayer rooms, Japan's retailers are devising creative ways to encourage foreign tourists to spend. On Wednesday the government significantly expanded the range of goods that stores can sell to visitors duty-free. But some retailers are going it alone in pursuit of ...
