NEWSWORTHY
Walmart may be on the cusp of making its final checkout from the Japanese retail market
With speculation rife that Walmart Inc. is seeking to offload Seiyu, its Japanese subsidiary, the U.S. retail behemoth's possible failure may be interpreted as the result of this country's ultracompetitive retail market. After all, other global supermarket operators, such as Britain's Tesco PLC and France's ...
Japanese casual wear retailer G.U. to open first store in South Korea
Casual clothing retailer G.U. Co. will open its first store in South Korea in September, its fourth shop overseas, following the success of renowned sister brand Uniqlo, which has over 180 outlets in the country. G.U., a unit of Japan's leading casual wear chain operator ...
Some of the major foreign supermarket chains that entered Japan around 2000 offering low prices made possible through bulk purchases have exited the country. Carrefour SA of France and Tesco PLC of Britain pulled the plug on their supermarkets in 2005 and 2013, respectively. Even the ...
After 16-year struggle with Seiyu, Walmart looks to be next retailer to exit Japan
Amid fierce competition from online retailers Walmart Inc. has decided to sell supermarket unit Seiyu GK for ¥300 billion to ¥500 billion, sources have said.
Japan's Don Quijote says it will hit ¥1 trillion sales target a year early
Discount retailer Don Quijote Holdings Co. Ltd expects to hit its ¥1 trillion ($9.05 billion) sales target in the next financial year, a year earlier than forecast, a senior executive said Monday. "We have progressed to where we can pull (the target) forward," said Mitsuo ...
Japanese retail sales logged 1.6% rise to ¥12 trillion in April
Retail sales in April rose 1.6 percent from a year before to ¥12 trillion, up for the sixth consecutive month, the Ministry of Economy, Trade and Industry said Wednesday. Fuel and drug sales grew, while automobile and department store sales declined, METI said in a ...
China fines Muji for packaging that lists Taiwan as a country
Retailer Muji has been fined 200,000 yuan ($31,300) in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island. This marks the second time Muji has been hit by such criticism from China ...
Japanese 100-yen chain Daiso slapped with fine, two-year import ban in Taiwan
Taiwan authorities said Wednesday that Japanese 100-yen shop Daiso has been fined 41.64 million New Taiwan dollars ($1.38 million) for falsifying import application documents and banned from importing goods from Japan for two years. Foreign Trade Bureau deputy chief Lee Guann-jyh told a legislative committee ...
Japanese casual clothing chain Uniqlo said Monday it will open its largest store in the Philippines later this year. The 4,100-sq.-meter global flagship store is scheduled to be opened at the Glorietta 5 shopping mall in the financial district of Makati, near Manila, sometime between ...
Japan promotes use of electronic tags over barcodes in bid to boost productivity
The industry ministry is stepping up efforts to introduce electronic tags, aiming to improve productivity in the retail sector in the face of an acute labor shortage. The Economy, Trade and Industry Ministry has concluded an agreement with Seven-Eleven Japan Co., FamilyMart Co., Lawson Inc. ...
Japanese clothing retailer Shimamura to start online sales in Taiwan
Major Japanese clothing retailer Shimamura Co. will soon expand into online sales in Taiwan to better meet the needs of young consumers and improve sales in the already robust market. Its local unit plans to open an e-commerce channel on Taiwan's two major online shopping ...
Uniqlo operator Fast Retailing hikes annual forecast 13% on growth in Asia
Fast Retailing Co. on Thursday raised its full-year profit forecast by 13 percent on the back of robust growth across Asia, as the owner of clothing chain Uniqlo continues to chase the top spot in global apparel sales. Asia's biggest clothing retailer now expects operating ...
