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Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020. This was revealed in the latest market study by global technology research and advisory company Technavio. Its research report,…
Eyeing the growing tourist market, Japanese department store Takashimaya is going duty free with an airport-style store in Tokyo. Not only sales tax, but also alcohol and tobacco duties will be waived under the venture, in which the Takashimaya Tokyo store is…
Losses have forced two Seven & I store closures in regional Japan, both outlets after 40 years of trading. Seven & I Holdings, which owns the Sogo and Seibu department store chains, is closing a Sogo store in Kashiwa, Chiba Prefecture, and a Seibu store in…
In a first for the market, a TimeVallee Watch Boutique has opened inside Japan Duty Free Ginza on the eighth floor of Mitsukoshi Ginza Store in Tokyo. It is based on the concept of offering multiple international luxury-watch brands, and is the first such…
Thai tourists are now in the sights of Japanese department stores after their success in luring Chinese during Lunar New Year. Such companies as Isetan Mitsukoshi Holdings and J.Front Retailing, which run the Daimaru and Matsuzakaya department stores, are…
Nineteen inbound China duty-free shops have opened to serve domestic travellers returning home. The state’s Ministry of Finance announced the stores have been built in 13 airports including Guangzhou Baiyun, Hangzhou Xiaoshan and Qingdao Liuting, as well as…
