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 ...