Tag Archives: Japan

Japan household spending slumps in Q3

Photo from: Reuters

(Source: Reuters | November 6, 2018) According to government data, Japan’s household spending declined to 1.6% in September from a year earlier, falling short of economists’ expectations and suggesting a slow recovery after an earthquake and typhoons hit consumption. The decline in September was the exact opposite of the 1.6% annual increase forecast by economists, and follows a 2.8% yearly ...

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Retail sales in Japan rise again

06-26 Tourist spending rises at Japanese department stores

(Source: Inside Retail Asia | September 5, 2018) Retail sales in Japan have reportedly risen for the ninth straight month year on year, reflecting the importance of private consumption to the world’s third largest economy. However while the news has prompted enthusiasm in the Japanese central bank, claiming it reflects improved consumer confidence, other commentators suggest the pace of gains ...

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Walmart reportedly set to sell Seiyu Japan business


(Source: Inside Retail Asia | July 13, 2018) American retail group Walmart is selling its Seiyu Japan supermarket chain. The Nikkei Business Daily reported that the firm is currently approaching potential buyers with a price tag that could reach 300 – 500 billion yen (US$2.7 – $4.5 billion). The move is being perceived as a potential outright withdrawal from Japan ...

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7-Eleven Japan aims for two-hour deliveries


(Source: Inside Retail Asia | May 15, 2018) A two-hour delivery service for smartphone orders is about to be launched by 7-Eleven Japan, the country’s biggest convenience-store chain. “Net Konbini” (using the commonly shortened form of “convenience store” in Japanese) plans to cover 7-Eleven’s entire Japanese network of around 20,000 stores, following a soft launch at 25 stores in Hokkaido ...

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Walmart and Rakuten form strategic alliance

walmart rakuten

(Source: Inside Retail Asia | January 26, 2018) In Tokyo today, Walmart president/CEO Doug McMillon and Rakuten chairman/president/CEO Hiroshi “Mickey” Mikitani announced a strategic alliance aimed at expanding consumer reach and enhancing customer service. Included in the collaboration is the launch of an online grocery delivery service in Japan as well as an exclusive retail alliance between the US retail ...

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Japanese’s famous multi-brand ‘Atmos’ opened its first store in Korea.


(Source: Retail in Asia | December 22, 2017) Atmos is a fashion multi-brand store currently running 30 outlets in Japan. Seoul is its second overseas store after New York. Atmos is Tokyo’s iconic street boutique established in 2000. It is the first shopping destination for footwear brands because of its ability to catch the latest trends and spread them in ...

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Tourist spending rises at Japanese department stores

06-26 Tourist spending rises at Japanese department stores

(Source: Inside Retail Asia | June 22, 2017) Tourist spending at Japanese department stores jumped 42.8 percent last month from a year earlier to ¥19.3 billion (US$173.8 million), led by a demand for cosmetics, according to an industry group. Per-head sales to foreign tourists are also rising, partly because of individual store advertising efforts, says the Japan Department Stores Association. ...

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Aeon Fantasy seeks to double locations

Source: Aeonfantasy.com.ph

(Source: Inside Retail Asia | June 12, 2017) Indoor theme parks are a new focus for Japanese retailer Aeon through subsidiary Aeon Fantasy as it targets growth in Asia’s entertainment sector amid stiffer retail competition. Over the next three years it seeks to double the number of locations to 660. The mall operator and department store retailer also hopes to ...

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Philippines’ Federal Land partnering with Japanese for complex


(Source: Inside Retail Philippines | 10 May 2017) The Philippines’ Federal Land, the real-estate arm of GT Capital Holdings, has signed a contract with Japan’s Nomura Real Estate Group and Isetan Mitsukoshi Holdings to develop a retail mall and apartment complex in Taguig. Details of the development provide further elaboration of Mitsukoshi’s plan for the Philippines, revealed by Inside Retail ...

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Moncler Asia revenues rise


(Source: Inside Retail Asia | 5 May 2017) Moncler Asia revenues rose 12 per cent in Asia in the latest quarter. The Italian-headquartered fashion retailer says sales in both its own stores and wholesale channels recorded “very good performances” in Japan, especially, where it says Moncler enjoys a “particularly strong brand perception”. Moncler continued its solid growth in Mainland China, ...

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