Retailers in Japan brace for tough year as virus hits consumption hard

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. Convenience stores, supermarkets and drugstores, exempt from the government's business closure requests, ...

Japan's retailers facing crisis amid coronavirus scare

Business Apr 14, 2020

Japan's retailers facing crisis amid coronavirus scare

Retailers are struggling to continue operations a week after the government declared a state of emergency over the coronavirus outbreak, with shop employees facing overwork due to labor shortages and stress associated with infection risks. The number of part-time workers began declining in March when ...

Japan supermarket sales rise amid virus scare in February

Business Mar 24, 2020

Japan supermarket sales rise amid virus scare in February

Supermarket sales in Japan in February grew at their fastest pace in over four years as consumers bought more food to eat at home amid the new coronavirus scare, industry data showed Tuesday. Overall sales rose 4.1 percent from the year before to ¥937.6 billion, ...

Japan's supermarket sales fell 1.8% in 2019 amid tax hike

Business Jan 24, 2020

Japan's supermarket sales fell 1.8% in 2019 amid tax hike

Supermarket sales in 2019 fell 1.8 percent from the previous year on a same-store basis, down for the fourth consecutive year, affected by the consumption tax hike on Oct. 1 and unfavorable weather, an industry body said Thursday. Sales at 10,550 supermarkets, including newly opened ...