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Virtual Reality Market Growth Expected After PSVR Debut

  • Category:Shopping
THE JAPAN NEWS
 
People who want to get away from it all can experience imaginary worlds, or something closer to home, as virtual reality becomes more of a reality with the introduction of devices that take full advantage of developing VR technologies.
On Oct. 13, a Sony Corp. subsidiary launched...

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Uniqlo Operator Logs 56.3% Annual Profit Fall

  • Category:Shopping
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Fast Retailing Co., the operator of Uniqlo clothing stores, said Thursday that its group net profit in the business year through August plunged 56.3 percent from the previous year to ¥48 billion.
The sharp decline reflected negative effects from the yen’s ris...

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Seven & I Adds Property Arm, Divests Stores In Overhaul

  • Category:Shopping
THE JAPAN NEWS
 
TOKYO (Bloomberg) — Seven & i Holdings Co. unveiled a restructuring plan to divest struggling departments stores and set up a real estate division, in a bid to focus on boosting profit at its core 7-Eleven business.
The new unit, to be created this fiscal year, will explore redev...

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Department Stores Pin Hopes On ‘Around 50’ Generation

  • Category:Shopping
THE JAPAN NEWS
 
Major department stores are focusing on fashion for customers who are around 50 years old, developing their own brands in the hope of boosting sluggish clothing sales.
Customers in this age group are thought to be fashion-conscious because they experienced the affluence of the bu...

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FamilyMart, UNY merge, creating Japan's second-largest convenience store chain

  • Category:Shopping
JAPAN TODAY
 
TOKYO — FamilyMart Co Ltd and UNY Group Holdings Co Ltd merged on Thursday, creating Japan’s second-largest convenience store chain.
FamilyMart, Japan’s No. 3 convenience store chain, and UNY, the owner of fourth-ranked Circle K Sunkus, agreed last October on a merger which will see...

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FamilyMart, Uny Holdings Combine Operations

  • Category:Shopping
THE JAPAN NEWS
 
TOKYO (Jiji Press) — FamilyMart Co. and retailer Uny Group Holdings Co. unified their operations under a joint holding company on Thursday.
The new company, FamilyMart Uny Holdings Co., hopes to reduce its procurement costs and brush up its product development capabilities.
In pa...

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Amazon Japan Offices Raided in Antitrust Case

  • Category:Shopping
JAPAN TODAY
 
TOKYO — Japan’s fair trade watchdog raided the offices of Amazon Japan over allegations that it improperly pressured retailers that sold products on its site, local media said Monday.
The Japanese unit of the U.S.-based internet retailer forced conditions such as requiring retailers...

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Takashimaya Opens Store in Vietnam

  • Category:Shopping
THE JAPAN NEWS
 
HO CHI MINH CITY (Jiji Press) — Takashimaya Co. opened a store in Ho Chi Minh City on Saturday, becoming the first Japanese department store operator to have an outlet in Vietnam after the end of the Vietnam War.
Takashimaya aims to lure middle-class and wealthy consumers in the ...

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Convenience Stores Buck Poor Sales Trend

  • Category:Shopping
THE JAPAN NEWS
 
By Kentaro Kuroki / Yomiuri Shimbun Staff Writer
Convenience store operators continued to enjoy solid performances for the business year ending February as general merchandise stores and department stores suffered poor sales, according to the financial reports of major retailers ...

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Clothing Giant Uniqlo: Again The Face of Japan's Deflating Economy

  • Category:Shopping
JAPAN TODAY
 
TOKYO — When Japan’s cheap-and-cheerful clothing brand Uniqlo raised its prices in 2014, it was an endorsement of Prime Minister Shinzo Abe’s efforts to stimulate a lackluster economy: with confidence high, even purveyors of affordable jumpers became price setters.
But as Abe’s expa...

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