Japan needs bolder measures such as harsher criminal sanctions for fraud and whistleblower protections to improve corporate transparency and prevent a repeat of the accounting scandal seen at Toshiba Corp, foreign investors and governance experts said.…
The 60-year-old chairman on Thursday became chairman of Lotte Holdings, the holding company of the Lotte Group in Japan, which was previously held by his brother Shin Dong-joo. This sealed his control of Lotte operations in both Korea and Japan. It is…
Luxury goods retailer Hermes says a slowdown in sales in Hong Kong has been more than offset by solid Japanese trade. Hermes International has reported a 22 per cent increase in second-quarter sales as growth in Japan took off, consumers finally opening their…
Fast Retailing Co Ltd said on Monday it has closed the online Uniqlo store that it opened in April on China’s popular JD.com Inc shopping site, saying it did fit into its China e-commerce strategy. After a three-month trial run, “Uniqlo determined that a…
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group, announced today that it will begin operating prepaid SIM card vending machines for foreign visitors to Japan at Narita International…
Whether you want to admit it or not, bumping into someone wearing the same outfit you’re wearing can be awkward. (We may laugh it off, but deep down inside, we are wishing it doesn’t happen again.) Thankfully, as part of the Uniqlo Street Tales initiative,…
Swiss retailer Migros is to sell private label products into two Japanese retail chains. Switzerland’s largest grocer, and one of the world’s 40 largest supermarket chains, is to sell lines to Lawson’s Seijo Ishii stores and Seiyu, which is Walmart’s Japan…
Beijing police have arrested five people they say played a role in the filming of a video of a couple having sex in a Uniqlo fitting room in China’s capital. The sheer number of people involved in the video, which has gone viral on social media networks…
Kappa China sportswear brand sales are soaring in the Mainland. China Dongxiang, the Kappa sportswear and accessories brand’s Chinese rights owner, has reported a 21.5 per cent year-on-year same-store sales growth in China for the second quarter of 2015.…
UK-headquartered Cath Kidston says it will buy out its Japanese franchise business. Store leases and stock will transfer to a wholly owned subsidiary Cath Kidston Japan on September 1. The move brings to an end a four year partnership started in 2011 with…
Fresh from sealing a deal to enter the UAE, US chain Smoothie King is now seeking partners to enter seven Asian markets, along with Australia. With more than 700 locations worldwide and plans to top 1000 locations globally by the end of 2017, Smoothie King…
Bridgestone Corp. plans to establish a joint venture company to produce anti-vibration rubber products for automotive vehicles in Indonesia. The agreement was concluded on July 2 with PT Astra Otoparts Tbk, which manufactures and sells automotive parts in…
A new Uniqlo modest wear range designed in partnership with UK designer and blogger Hana Tajima has gone on sale in Malaysia and Singapore. The Uniqlo X Hana Tajima Collection is launched today, July 3, at Uniqlo’s 313@Somerset store on Singapore’s Orchard…
Sanrio, the global lifestyle brand best known for beloved pop icon Hello Kitty, and Universal Parks & Resorts have announced their partnership to develop Hello Kitty interactive retail experiences scheduled to open later this year at Universal Orlando Resort…
Japan’s households opened their wallets a bit wider than anticipated in Might, with family expenditures leaping for the primary time in additional than a yr. Family expenditures rose four.eight % on yr in Might, topping a Reuters ballot forecast for…
Japan retail gross sales rose a wholesome three per cent in Might – marking the second consecutive month-to-month achieve after a yr of stagnancy or decline. Knowledge from the Ministry of Financial system, Commerce and Business, exhibits shoppers are…
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