
Business / Corporate Apr 10, 2021
Aeon suffers record ¥71 billion hit as retailers report losses
The Japanese retail giant reported a record group net loss of ¥71.024 million for the year through February, its first red ink in 12 years.
Aeon suffers record ¥71 billion hit as retailers report losses
The Japanese retail giant reported a record group net loss of ¥71.024 million for the year through February, its first red ink in 12 years.
In bid for survival, Japan department stores accelerate digital push
Compared with peak levels, sales at department stores in the nation have fallen by half.
Japanese billionaire’s drab clothing firm becomes a sportswear sensation
Shares in Yoshio Tsuchiya’s Workman Co. have more than quadrupled since the start of 2018.
Despite easing of coronavirus measures, Tokyo restaurants don't see a quick rebound
Restaurants and bars will continue to be asked to close early until the end of March, with the deadline pushed back by an hour to 9 p.m.
Shops and restaurants at transport hubs struggle to survive as customers vanish
“Our customers used to be business travelers to Nagoya, but they aren’t coming any more,” said the operator of an underground mall at the city's shinkansen station.
Pandemic widens divide between winners and losers in Japanese clothing business
An increasing number of people are gravitating toward reasonably priced functional garments and moving away from traditional business wear as working remotely becomes more common.
Missing airplane food? Nagoya firm finds success repackaging in-flight meals as bento
Late last year, the company launched in-flight meals as bento at supermarkets and other outlets in Aichi.
Japan’s factory output shows resilience despite emergency
Industrial output rose 4.2% in January from the previous month, with production of memory chips and semiconductor equipment climbing, the trade ministry reported Friday.
Pandemic gives extra momentum to cashless drive in Japan
Even local governments — typically the last in line to introduce any kind of technology — are starting to jump onto the digital payment trend.
Duty-free store turns to cuddly toys to boost Lunar New Year sales
The items are taking the place of home appliances, from rice cookers to electric toilet seats, normally favored by Chinese tourists who travel to Japan to shop.
Fukushima businesses struggling to stay afloat despite government help
Financial issues will not end soon, given that only a portion of the residents who evacuated from disaster-stricken areas have returned or are expected to.
Four major Japanese department stores suffer sales drops of 30%-40%
The sales declines are due chiefly to temporary store closures last spring and a significant decrease in the number of foreign travelers to Japan amid the novel coronavirus pandemic.