Reporting and analysis on retail, e-commerce, and consumer trends in Japan, updated continuously by our newsroom.
Fast Retailing, Uniqlo’s parent company, has reported consolidated revenue totaled ¥1.4779 trillion (+3.0 per cent year on year), with operating profit expanding to ¥180.6 billion (+23.9 per cent) in its latest financial results. In the third quarter from…
Molteni&C has officially opened its new Japan flagship store in Osaka. Covering 400 square metres, the space is located in the fashionable Shinshaibashi shopping district. The high-end store comes inspired by western interior design, with an open feel, which…
Japanese electronics retailer Bic Camera will enable bitcoin payments across all stores in the country this month. Tokyo-based consumer electronics retail chain Bic Camera becomes the latest major retailer to accept bitcoin throughout Japan, a report…
One of Japan’s largest online retailers has banned the sale of ivory, closing a major marketplace for the controversial trade. Rakuten is accused of being the world’s largest online retailer for elephant ivory, but will now phase out its sale. The trade is…
Bitcoin is the world’s most widely used crypto currency. Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from…
Japan’s retail sector has seen earnings growth slow notably from a year earlier in the March-May quarter due to lackluster increases in sales combined with greater labor and other costs. The aggregate pretax profit of 61 retailers that announced their…
They’re still coming in droves — but no longer buying in spades. After propping up sales for overseas retailers over the past decade with a shopping-driven tourism agenda, Chinese visitors are no longer returning home with suitcases bulging like before. A new…
Japanese furniture and home decoration brand Nitori will open a flagship store in Xujiahui, Shanghai. With an area of 8,000 square meters, this store is the old location of Best Buy. It is reportedly Nitori’s first flagship store in China after its brand…
The Japanese household goods and apparel company has announced its plans to open a hotel and world flagship in Ginza, Tokyo, in the spring of 2019. Developed by the Yomiuri Shimbun Tokyo headquarters and Mitsui Fudosan, a retail property developer of the…
“We couldn’t be more proud of Tsum Tsum’s Japanese-origins and its international appeal,” said Paul Candland, President, Walt Disney Asia. “Tsum Tsum connects with fans across multiple platforms and experiences and is proving to be a successful channel to…
Luxury fashion and accessories brand Mulberry has added another joint venture (JV) in Asia with news that it has signed an agreement with existing license partner Onward Global Fashion to form a 50:50 JV company to operate its business in Japan. UK-based…
Retail sales in Japan lifted 2% for the month of May, as shopping revenue growth slowed in the archipelago nation, compared to April’s increase of 3.2%. The May result came in below a median forecast of 2.6% compiled by Reuters. The biggest contributors to…
Japan Airlines is introducing a new JAL Sky Suite configuration to its B787-9 Dreamliners that is set to debut on the airline’s Tokyo Narita to Kuala Lumpur route starting at the end of July this year. The new configuration is part of a wider plan by Japan’s…
Japan’s NTT DoCoMo has contracted Ericsson to provide the vendor’s Unified Delivery Network (UDN) global content delivery network solution for the DoCoMo mobile network. The contract marks Ericsson’s first deployment of its UDN in Japan. DoCoMo will initially…
Fendi is opening a pop-up store in Tokyo at Dover Street Market, as it rolls out a capsule collection that is specific to the Japanese retailer. As well as landing in Dover Street’s London and New York store, the Elephant Room pop-up in Ginza will highlight…
Luxury fashion brand Givenchy has recruited Christine Edman to head up its Japan operations on behalf of the French maison. Effective June 16, Edman has taken of the role of Givenchy Japan president and CEO, under the helm of the Paris-based parent firm LVMH…
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