Reporting and analysis on retail, e-commerce, and consumer trends in Japan, updated continuously by our newsroom.
The world’s largest branded athletic and casual footwear manufacturer and retailer Yue Yuen Industrial says retail and wholesale sales of sportswear in Greater China rose 19.6 per cent in the first nine months of this year, due to an expanding store network.…
As many as 1,100 Japanese visitors, including businessmen, parliamentarians and government officials, have just arrived in Jakarta, as an evidence of cooperation on the visa-free policy between Indonesia and Japan. The Japanese tourists are being led by the…
French luxury label Hermes has managed to increase its sales in Asia despite the challenges in Hong Kong and the Mainland. The company says it achieved five per cent sales growth during the first nine months of this year in Asia excluding Japan – where sales…
Thousands of jobs are under threat in the wake of the Korea Customs Service’s shock decisions last Saturday in awarding duty-free licenses in Seoul. Two major players had their licenses revoked. Lotte Group plans to close its World Tower branch in Jamsil,…
Moncler has opened a new flagship store in Japan’s highest profile shopping strip. The Moncler Tokyo boutique in the Ginza comprises 560 sqm spread over two floors. It was designed by Parisian architects Gilles & Boissier. For years this studio’s ties with…
Singapore-listed Croesus Retail Trust achieved a 17.2 per cent increase in quarterly earnings to $23 million from its Japanese shopping centre investments. But that was not enough to change its distribution per unit (DPU) for the quarter, which remained flat…
Japanese Travel agency JTB has opened its first retail location in China’s capital Beijing. The agency will specialise in tours to Japan and will be run in a joint venture with a local travel company. The agency will be equipped with the same reservation…
Japanese trading house Itochu has formed a joint venture with Hong Kong based Novo Fashion Retail Group to ramp up the LeSportsac retail presence in Mainland China. Itochu signed an exclusive distribution agreement with Novo back in 2007 to supply LeSportsacs…
Uniqlo and Toray Industries, Inc. (company headquarters registered in Tokyo) today jointly announce the third stage of their strategic partnership for the next five years. First established ten years ago, the newest stage of the partnership between the two…
Anti-brand department store Muji has opened a pop up store in Japan to unveil a prefabricated cottage it calls the Muji Hut. With a cult following throughout Asia for its simple, clean, brandless designs of homewares, its development of ‘Vertical Houses’ in…
Michael Kors Japan sales continue to soar as rising US fashion player expands its global success. Revenue in Japan for the last quarter rose 60.7 per cent on a constant currency basis. While that figure was carved back to 36.1 per cent after the exchange rate…
Chinese shoppers now account for 31 per cent of the world’s annual luxury sales. According to Bain & Company’s 2015 Worldwide Luxury Report, the overall luxury industry will surpass €1 trillion in retail sales value in 2015. The market delivered healthy…
Best Denki Singapore, the Japanese electronics retailer, plans to open two more stores in the city next year. Hanasaki Kenji, president and head of Asean region with Best Denki, told the Straits Times newspaper he is unfazed by the downturn in the local…
The Asia Pacific region is experiencing a slowdown in the luxury retail sector, but new emerging trends are set to provide the retail sector with a solid new stimulus for demand in the coming years, according to the CBRE’s special report, ‘The Future of…
Global coffee giant Starbucks has finished its financial year on a high, reporting a 17 per cent increase in annual revenue to a record US$19.2 billion. But is the Starbucks Asia Pacific business underperforming? Neil Saunders, CEO of Conlumino, believes so.…
Japan’s largest drugstore Matsumotokiyoshi has chosen Thailand for its first international foray. Matsumotokiyoshi Thailand is a joint venture between the Japanese company and Thai retail conglomerate Central Retail Food Corp who have formed Central &…
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