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Aeon suffers record ¥71 billion hit as retailers report losses

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.

In bid for survival, Japan department stores accelerate digital push

Business | FOCUS Apr 4, 2021

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

Business / Corporate Mar 23, 2021

Japanese billionaire’s drab clothing firm becomes a sportswear sensation

by Min Jeong Lee and Yoojung Lee

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

Business Mar 19, 2021

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

Business | Regional voices: Chubu Mar 5, 2021

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

Business Feb 28, 2021

Pandemic widens divide between winners and losers in Japanese clothing business

by Takuya Okamoto

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

Business Feb 28, 2021

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

Business Feb 26, 2021

Japan’s factory output shows resilience despite emergency

by Toru Fujioka and Yoshiaki Nohara

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

Business Feb 22, 2021

Pandemic gives extra momentum to cashless drive in Japan

by Kazuaki Nagata

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

Business Feb 16, 2021

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

National | Regional Voices: Tohoku Jan 29, 2021

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%

Business Jan 15, 2021

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.

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