Category Archives for "JapanConsuming Corporate"

Oct 07

Expocity SC to open with 305 stores

In November Mitsui will open its biggest Lalaport shopping centre and the largest single SC in the country to date. The Expocity Lalaport will open in northern Osaka. 2015 marks 35 years since the first Lalaport opened and this year has been the busiest yet in terms of SC openings. Mitsui Real Estate’s largest ever […]

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Oct 07

Sales per tourist rise 18% in 2014 as tourism surges

Everyone knows that tourist spending is booming, helping department stores in particular offset weaker domestic spending on discretionary items. But how much each tourist spends and what they spend it on is harder to define. A recent survey of 15,000 tourists helps to shed light on Japan’s great Tourist Dividend; while Chinese dominate in both […]

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Oct 07

GMS crisis deepens: top chains announce store closures

It is no secret that the general merchandise store (GMS) sector is past its prime, but recent results suggest the crisis is only getting worse. Last month two of the largest chains announced store closures, following on from similar announcements from Seiyu. Aeon too is looking to restructure its operations. Is there any chance the […]

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Oct 07

Mitsukoshi Ginza ¥4 billion relaunch

Mitsukoshi Ginza will have a grand opening ceremony in mid-October to celebrate a further ¥4 billion remodelling designed to keep the store competitive with its neighbours and attract even more tourists.   The key features of Mitsukoshi’s updated Ginza store include more Japanese brands, as well as more celebration of Japanese culture and services. A […]

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Oct 06

LINE opens Trip Bazaar: a new route for brands not yet sold in Japan

LINE is expanding its online retail operations through a new social shopping function, offering opportunities for overseas brands to target the Japanese market. The LINE messaging app will act as a social shopping platform, allowing users to digitally window shop for carefully selected brands not currently available at home.   Messaging app company LINE introduced […]

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Oct 01

Seven & I to launch Omni7 online marketplace next month

Two years after announcing its much vaunted omnichannel strategy, Seven & I is launching the first stage in its integration of both offline and online sales channels, introducing large scale ‘click & collect’ to Japan for the first time. While Amazon can provide same day delivery in some areas, Seven & I is about to […]

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Sep 14

September 2015 News in Brief

IKEA to build chain of satellite stores IKEA Japan is set to expand through small format satellite stores – a major departure for the big-box retailer, which has traditionally seen its store investments as the key to marketing its brand and its large product range. A typical store is more than 20,000 sqm, even in […]

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Sep 14

FOCUS: Department Stores FY2014: over the hurdle

After sales at department stores rose for the first time in 16 years in FY2013, most forecasts suggested those gains would be wiped out by the collapse in spending post-tax hike. This didn’t happen for most major stores in most big cities, even while regional stores continued their decline. The surge in tourism helped, but […]

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Sep 14

Daimaru Shinsaibashi to be rebuilt

Daimaru Shinsaibashi is to be closed and completely rebuilt over a three year period. The iconic Osaka store has suffered less than some of its rivals in the face of the big increase in department store sales space since 2011, but the building is ancient by Japanese standards and increasingly unsuitable for modern retailing. J […]

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Sep 14

Railway firms benefit from retail, but FY2014 sales dip due to rebuilding

Investment in converting stations and surrounding areas into shopping centres and community hubs has paid serious dividends for railway operators. FY2014 saw solid growth on a like for like basis, but closure of properties for rebuilding and refurbishment, combined with some correction following the 2014 tax hike, meant a contraction in revenues for some. This […]

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Sep 14

Wholesalers struggle with profits as retailers demand regional support

The wholesale sector remains an important part of most distribution channels, notably in food, drugs and toiletries. In others, such as electronics, wholesaling is on life-support if not actually dead, while apparel has evolved into a vertically integrated channel where single companies control all aspects of distribution, and traditional wholesale manufacturers have shifted into retailing […]

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Sep 14

Digital fashion: 3D virtual fitting and printing your own dress

Integrating new technologies into retailing is not just about e-commerce and RFID tagging to smooth inventory flow. Recent developments suggest increasing use of tracking technology and high-powered graphics chips to obviate the need to try anything on, and 3D printing combined with liquid fabric to even obviate the need for factories. This month Isetan Shinjuku […]

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Sep 14

TSI ties with Development Bank of Japan, readies M&A fund

TSI Holdings is one of Japan’s most establishment apparel houses, with links across government and industry, providing a support network that has helped it through the tumultuous years of merger and rationalisation. These links became more transparent last month when the Development Bank of Japan acquired a stake and became its key advisor on future […]

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Jul 25

World to close 500 stores in 2015

When one of Japan’s biggest apparel groups decides to close 500 stores, the impact on the industry is never going to be small. But World is not the only apparel firm to take an axe to its brand portfolio – TSI Holdings has closed 900 stores in the last three years alone. This is actually […]

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Jul 14

July-August 2015 News in Brief

Tomorrowland buys Restir Leading fashion retailer Tomorrowland has acquired select shop firm Restir Holdings. Established in 1987, Restir originally began as a select shop called Le Ciel Bleu, now a chain of 20 stores. During the high end select shop boom in the late 2000s it opened a luxury select shop in Ginza under the […]

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Jul 14

Onwards ties with Laox and Isetan-Mitsukoshi on export brands

Like all the big apparel groups, Onward is trying to escape dependence on department stores on the one hand, and weaker sales of its European division on the other. To fix this, it is teaming up with a department store to create a new brand aimed at Western markets, and with Chinese-owned Laox to target […]

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