NEWSWORTHY
Japan's consumers and businesses have mixed views on consumption tax hike next year
Consumers and businesses had a mixed response to the Abe government's decision Monday to lift the consumption tax rate to 10 percent next October as planned, with some understanding the need to restore fiscal health and others concerned about the impact on the economy. Retail ...
Alberta expects 80 to 100 cannabis stores licensed in a month
Alberta expects to have 80 to 100 cannabis retail stores licensed over the next month, with 17 locations ready for the first day of legal sales on Wednesday. The Canadian province is confident it will have adequate supplies ready for Wednesday, said Alain Maisonneuve, chief ...
Fast Retailing Co., operator of the Uniqlo casual clothing chain, said Thursday its group net profit rose 29.8 percent to a record ¥154.81 billion ($1.38 billion) in the year through August thanks to strong sales at home and abroad. The company said its group operating ...
Tokyo-based clothes recycling newbie to advance to Startup World Cup 2019
A Tokyo-based startup specializing in the business of recycling clothes is slated to proceed to the final stage of an annual global startup competition, scheduled to be held in San Francisco in May of next year. Jeplan Inc. won the Japan round of the Startup ...
Japanese items sold at Russian post offices drawing consumers
Everyday household and food items from Japan that have been on sale at more than 2,000 post offices in Russia since May have proved a hit, with popular products even experiencing supply shortages. Japanese goods including noodles and shampoos are currently on sale in post ...
Air conditioner, soft drink sales surge in record hot summer but department stores suffer
Shipments of air conditioners and nonalcoholic beverages hit all-time highs in July while swimming pools were crowded with people looking to cool off amid the scorching summer heat. But department stores saw fewer customers during the heat wave amid warnings from the Meteorological Agency that ...
Japan's Don Quijote joins retail's top ranks with rule-breaking approach
Discount retailer Don Quijote has become a role model for other chain stores, defying Japan’s weak retail environment to report its 29th year of unbroken sales and profit growth.
Don Quijote plans to build high-rise complex in Shibuya
As Tokyo's famous Shibuya district undergoes major redevelopments, Don Quijote Holdings Co. is joining the fray to add to the momentum. The operator of the popular Don Quijote discount chain said Monday that it plans to open its first high-rise complex, which will have stores, ...
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 ...
