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May 03, 2024
 

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Japan Times
BUSINESS / Companies
Apr 25, 2020
Japan department store sales log record 33% drop for March, with steeper dive on the way
Department store sales sank 33.4 percent in March, posting a record fall that looks likely to be broken this month as the coronavirus keeps customers at bay, an industry body said Friday.
Japan Times
BUSINESS
Apr 20, 2020
Tough times for Tokyo's Toyosu fish market
Tokyo's Toyosu fish market, which opened in 2018 to replace the Tsukiji market, is facing tough times with both trade volume and prices of high-end fish and other marine products tumbling in the face of the coronavirus pandemic.
Japan Times
BUSINESS
Apr 15, 2020
Japanese supermarket chain offers staff 'emergency gratitude payment' as stores stay open amid pandemic
With crowds still flocking to supermarkets in Japan amid the coronavirus pandemic and the country's state of emergency, the operator of Life supermarkets is granting approximately 40,000 of its employees — including part-time workers — an "exceptional emergency gratitude payment," which will cost the firm around ¥300 million in total.
Japan Times
BUSINESS
Apr 14, 2020
Retailers in Japan brace for tough year as virus hits consumption hard
Recent decisions by major retailers including Seven & I Holdings Co. and Takashimaya Co. to forego the release of earnings guidance due to the coronavirus outbreak highlights the seriousness of Japan's consumption slump.
Japan Times
BUSINESS / Companies
Apr 7, 2020
Loft lifestyle store chain to make China debut in July
Japanese lifestyle specialty store operator The Loft Co. will debut in the Chinese market by opening its first directly owned overseas outlet in Shanghai possibly in July.
Japan Times
BUSINESS
Apr 4, 2020
No lockdown needed? Japan stores are shutting down voluntarily
Japan's restaurant, bar and chain stores are taking matters into their own hands by voluntarily shuttering hundreds of stores to help curb the coronavirus spread.
Japan Times
BUSINESS
Mar 27, 2020
February factory output and retail sales seen in decline in Japan as virus damage deepens
Japan's factory output likely slowed in February and retail sales dropped for a fifth straight month, a Reuters poll showed on Friday, as the coronavirus outbreak took an increasing toll on businesses and consumers.
Japan Times
BUSINESS / Companies
Mar 23, 2020
Coronavirus pandemic boosted Japan convenience store sales in February
Sales at convenience stores across Japan rose 2.6 percent in February from a year earlier as prepared food and anti-infection products such as masks drew strong demand amid the outbreak of the new coronavirus, an industry group said.
Japan Times
BUSINESS / Companies
Mar 19, 2020
Operator of Muji stores fined for dodging ¥7.5 billion in tax
The operator of the Muji-brand goods store chain failed to pay ¥7.5 billion ($69 million) in income tax in the three years through February 2017, sources close to the matter said Wednesday.
Japan Times
BUSINESS
Mar 3, 2020
Coronavirus took toll on Japan's auto and retail sales in February
Automakers and department store operators reported sharp sales declines in February as the spread of the new coronavirus dented consumer sentiment and drove away foreign tourists.
Japan Times
BUSINESS / Economy
Feb 28, 2020
Japan's retail and entertainment sectors feel pain from spread of COVID-19
Retail, leisure and dining businesses are taking a hit as more people in Japan avoid crowded areas and opt to stay home due to the spread of COVID-19, with economists predicting a fall of over ¥2 trillion ($18 billion) in household consumption.
Japan Times
BUSINESS
Feb 28, 2020
Japan's government to demand halt to online face mask auctions
The industry ministry will ask online auction companies to voluntarily stop listing face masks from their websites, amid supply shortages caused by the spread of COVID-19 infections, it was learned Thursday.
Japan Times
BUSINESS / Companies
Feb 20, 2020
Mercari plans Tokyo store to tempt more into its online marketplace
Online flea market operator Mercari Inc. said Thursday that it would try its hand at brick and mortar operations in hope of reaching tens of millions of untapped users in the Japanese market, allowing them to sell their used goods on the spot and handling everything from photography to shipment.
Japan Times
BUSINESS / Companies
Feb 4, 2020
Lunar New Year department store sales plummet in Japan amid coronavirus outbreak in China
Japanese department store operators saw duty free sales slump during the key Lunar New Year holiday, one of the first indications of how hard the nation's retail sector will be hit by the coronavirus outbreak in China.
Japan Times
BUSINESS / Companies
Feb 3, 2020
Duty-free sales down at Japan's department stores during China's Lunar New Year
Major department store operators in Japan reported a drop in duty-free sales during the Lunar New Year holiday amid China's ban on all outbound group travel to stop the spread of a deadly coronavirus.
Japan Times
JAPAN / Media / BIG IN JAPAN
Feb 1, 2020
Dispatches from the front line of Japan's retail sector
Since October, business media have focused on two topics at the near-exclusion of numerous others: the economic repercussions of the consumption tax hike and how that increase has influenced, or accelerated, a shift from cash to electronic payments.
Japan Times
JAPAN
Jan 31, 2020
Amid virus outbreak, Japan stores scramble to meet demand for face masks
Drug stores in Japan are scrambling to restock their supply of surgical masks to keep up with growing demand as fears deepen over the outbreak of the coronavirus.
Japan Times
BUSINESS / Economy
Jan 27, 2020
Japan firms brace for impact from China's virus-related ban on outbound group travel
The retail and tourism sectors have been counting on robust spending by Chinese visitors during the Lunar New Year holidays.
Japan Times
BUSINESS / Companies
Jan 22, 2020
Online sellers petition for antitrust probe into Rakuten free shipping policy
A group of merchants on Rakuten Inc.'s online shopping mall on Wednesday submitted a petition with some 4,000 signatures to the Fair Trade Commission, asking it to investigate the e-commerce giant's planned free shipping policy.
Japan Times
BUSINESS / Economy
Jan 9, 2020
Paris shops' sales halved as strikes bring chaos to the city
Five weeks into strikes crippling French transport, Emile Sebbag is agonizing over how to keep afloat his two Parisian clothing stores, deserted by shoppers as the backlash against France's pension reform drags on.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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