All Japan articles – Page 5
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NewsChina becomes world's largest grocery market
China has overtaken the US as the world’s largest grocery retail market.
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News
Walmart’s Japanese operation resumes new store openings
Walmart’s Japanese operation Seiyu is resuming new store openings for the first time in over four years. Four openings are scheduled for this year – in Tsukuba on March 28, Kawasaki in late April, Saitama in the summer and Fuchu in December. The retailer is looking for other properties, potentially ...
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AnalysisLondon 2012: will retailers benefit?
You don’t need a ticket to gain extra sales from this year’s Olympic Games but, as Mark Faithfull reports, not all retailers stand to benefit from the events taking place in the UK this summer.
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Isetan Mitsukoshi set to revamp store network
Department store group Isetan Mitsukoshi is to revamp its store network as part of a three-year plan starting this year.The retailer plans to invest in renovating flagship stores in greater Tokyo, and from 2015 switch focus to other areas.According to Hiroshi Onishi, the chief executive due to take up the ...
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News
Culture Convenience Club posts rise in book and magazine sales
Culture Convenience Club has posted a 106% rise in book and magazine sales to ¥102.4bn (£871.5m) at its Tsutaya store network for 2011.The home entertainment retailer attributed the increase to the strengthening of its catalogue stock, resulting in an uplift in the number of subscriptions, as well as utilising its ...
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Sugi posts net sales rise
Japanese drugstore business Sugi has posted a 7.5% rise in net sales to ¥244.6bn (£2.06bn) for the nine months to November 30. Operating profit increased 45.1% to ¥13.6bn (£114.5m) while net profit climbed 52.4% to ¥9.4bn (£79.2m). During the period, the retailer aimed to enhance synergies between its drugstore and ...
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Seven & I posts operating income increase
Retail group Seven & I posted results for the nine months to the end of November, with operating income up ¥216.2bn (£1.82bn) compared with ¥175.7bn (£1.48bn) the previous year. Revenue from operations was ¥3.54 trillion (£29.8bn), lower than the ¥3.8 trillion (£32bn) reported for the same period the previous year. ...
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Aeon reports revenue increase
Japanese variety retailer Aeon has reported its financial results for the nine months ended November 30, 2011. Revenue rose to ¥3.75 trillion (£31.6bn) compared with ¥3.73 trillion (£31.4bn) reported for the same period the previous year. Net profit was ¥36.54bn (£307.7m), 25.6% lower than the ¥49.12bn (£413.7m) reported last year. ...
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News
Yamada Denki posts drop in net sales
Electronics retailer Yamada Denki has posted a 2.6% drop in net sales to ¥987bn (£8.04bn) for the first half. Operating profit rose 33.8% to ¥63bn (£518.3m), while net profit increased 44.6% to ¥40.9bn (£333.5m).During the period the company introduced electric vehicles, solar panels, household lithium batteries and energy-saving equipment in ...
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Lawson reports net profit fall
Convenience store operator Lawson has reported its financial results for the six months ended August 2011.Net profit fell 27% to ¥8.96bn (£68.6m) from ¥12.29bn (£90.6m) for the same period last year. The drop was due in part to losses related to new accounting standards. Operating profit experienced an 8% gain, ...
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Electronics retailer Bic Camera posts net sales increase
Electronics retailer Bic Camera posted a 0.6% increase in net sales to ¥612.1bn (£4.7bn) for its financial year ended August 31. Operating profit for the period soared 35% to ¥19.9bn (£152.4m), while net profit rocketed 51.7% to ¥9bn (£68.9m).Bic Camera said sales of household appliances had benefited from the government’s ...
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News
Fast Retailing plans Asian expansion
Fast Retailing plans to open more than 100 Uniqlo stores in Asian countries outside of Japan in the year ending August 2012. This would represent twice as many openings than in the previous fiscal year. The retailer operates approximately 160 Uniqlo stores in the region, mainly in China and South ...
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NewsTesco to sell Japanese stores but stand by Fresh & Easy
Philip Clarke still backing plans to turn American chain around, but Japanese business is up for sale.
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News
Isetan Mitsukoshi reports net sales rise
Department store operator Isetan Mitsukoshi reported a net sales rise of 0.2% to ¥289.9bn (£2.31bn) for the first quarter ended June 30. Net profit was ¥16.9bn (£13.5m), compared with a loss of ¥795m (£6.3m) the previous year. The company blamed sluggish sales on low consumer spending after the earthquake in ...
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News
Fast Retailing plans opening of up to 100 Uniqlo stores
Fast Retailing, Japan’s largest clothing retailer, has said that it plans to open up to 100 Uniqlo stores in Taiwan as part of its plan to become the world’s top fashion brand by 2020. This figure is double the goal set out in September 2010, which was to establish 50 ...
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Japanese retailer AEON reports revenue decline
Multi-brand Japanese retailer AEON has reported a decline in revenue to ¥1.2trn (£9.1bn) for the first quarter of the financial year ended 31 May, down from JPY1.21trn (£9.2bn) for the same period in 2010.Net profit also fell, to ¥5.76bn (£47.3m), though operating profit grew to ¥28.3bn (£0.2bn). The company is ...
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News
Lawson to expand product range
Convenience store operator Lawson plans to expand the product range sold at its convenience stores and radically reform its business model to resemble that of the Uniqlo clothing chain. Under its new growth strategy, Lawson will increase the number of stores selling fresh produce.While the company has been pushing this ...
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News
Maruzen CHI Holdings records loss
Bookstore operator Maruzen CHI Holdings recorded a loss for the first quarter ended April 30, in the aftermath of the recent Japanese disasters.The retailer said that although book sales were strong during the period, overall financial performance was affected by the Tohoku earthquake.The company recorded a net loss of ¥439m ...
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Uniqlo expects sales boost
Clothing chain Uniqlo has said it expects to see a sales boost this year as shoppers buy lighter clothing during the summer as a result of rising temperatures.
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NewsLuxury retailers' stocks tumble as quake takes toll
Luxury retailers’ stocks have tumbled in the wake of the Japanese earthquake and tsunami with brands including Burberry hit hard.