Reporting and analysis on retail, e-commerce, and consumer trends in Japan, updated continuously by our newsroom.
Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and…
Among changes ahead of the 2020 Tokyo Olympics, Shibuya is having a revamp that includes Shibuya Stream, on the south side of the railway station. It is a complex covering the point where the Shibuya River emerges from underground. The theme of the first…
Solid growth in Japan and China compensate for subdued sales in Hong Kong for fashion retailer I.T Limited. While Hong Kong sales slipped 5.1 per cent to HK$3.28 billion, much of that was related to store network rationalisation, with like-for-like sales down…
Japan’s My Melody Cafe plans an outlet at Suntec City. Commonly known as My Melo, the character central to the cafe is a white rabbit from Japanese characterisation company Sanrio who is said to be a good friend of Hello Kitty. With an al fresco garden…
The ribbons have been cut for the official opening of The Outlets Hiroshima, a shopping, dining and entertainment destination. Launching with 100 per cent occupancy, The Outlets Hiroshima offers savings of 35 to 70 per cent on luxury and fashion brands such…
Property developer Henderson Land plans to acquire the Hong Kong unit of FamilyMart UNY, Japan’s second-largest convenience store chain, for HK$300 million (US$38 million) through its investment subsidiary, it announced on Thursday. UNY (HK) owns and operates…
Japanese retailer AEON Co (M) Bhd is adopting a wait-and-see approach when it comes to the upcoming abolishment of the Goods and Services Tax (GST) on June 1. Executive director Poh Ying Loo said Aeon was still seeking greater clarity from the Pakatan Harapan…
Japanese retail tycoon Ryuji Arai can thank a growing flock of Chinese spenders for his swelling fortune. Bic Camera Inc., the Tokyo-based consumer electronics retailer that sells everything from cosmetics to liquor at discounted prices, has become a…
Tiffany & Co Asia-Pacific sales soared 28 per cent in the first three months of this year helping the New York-headquartered jewellery retailer achieve a 53 per cent lift in profit. The company’s worldwide net sales increased 15 per cent to $1 billion, with…
Second-hand branded designer products retailer Brand Off Tokyo is about to open its first flagship store for Thailand. It will be run by Money Cafe Company, which owns Money Pinkoo Pawn Shop. Brand Off Tokyo has more than 60 branches (50 in Japan, eight in…
Just one of Japanese department store chain Takashimaya’s three overseas stores is currently trading at a profit. But the company says it believes it can make them all profitable by 2023, including a fourth store set to open in Bangkok late this year. The…
Japanese clothing retailer Uniqlo will open a 2500sqft pop-up store at Ala Moana Center on June 1, ahead of the grand opening of its first Hawaii store at the same mall. With the concept “A Little Pop From Tokyo”, the pop-up will feature 200 men’s, women’s…
James Riady, the chief executive officer of Lippo Group, one of Indonesia’s largest property conglomerates, met with Itochu chairman and chief executive Masahiro Okafuji in Tokyo on Monday to discuss ways to boost the companies’ cooperation in the regional…
The Lippo Group, one of Indonesia’s largest conglomerates, has called for deeper ties between the Japanese and Indonesian business communities to help realize the Southeast Asian country’s high investment potential over the next decade. Japan has long been a…
Japan’s Sumitomo Corporation will buy a 22 per cent stake of Simple Mart, the second-largest supermarket company in Taiwan. The trading company will pay around ¥4.5 billion yen (US$41.1 million) for the stake in a transaction set for August, the two sides…
E-commerce has helped boost the first-quarter bottom line for Hong Kong-based clothing retailer Giordano International, particularly in China. Unaudited figures for the three months to the end of March show Giordano’s overall e-business generated HK$81…
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