Tag Archives for " Shopping Centres "

Nov 02

Lumine plans direct franchises with international brands and retailers

Lumine just signed a franchise deal with an overseas pizza chain. Nothing particularly unusual about that, but what is radical is that it is a direct franchise, and Lumine has plans for more, not only in dining but also in apparel, accessories and home fashion. It is even looking at Lumine-managed select shops. JR East’s […]

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Nov 02

Takashimaya launches shopping centre specialty chain

The small format chain ambitions of the major department stores are a great opportunity for overseas brands to reach new parts of the country and new customers. Isetan Salone was there first and is very much a high end select shop, but now Takashimaya has come up with its own chain, one designed specifically for […]

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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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Jul 14

FOCUS: Retail Industry Performance FY2014: solid results for many as distribution evolution continues

Retail results for FY2014 show just how well corporate retailing weathered the impact of the consumption tax increase in April 2014. Market share for the largest companies continues to grow, as does the percentage of sales taken up by private brands, but dynamism is also reflected in the emergence of new success stories. These are […]

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Jul 14

Mitsui ramps up SC investment

Mitsui Real Estate will open five major malls this year, including its first outlet mall in Hokuriku and a 90,000 sqm mega mall in Osaka. While Aeon plans to add even more new leasable space this year, Mitsui still remains the second biggest SC developer by new mall development, and continues to consolidate its SC […]

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May 15

Outlet malls continue to expand

Outlet Malls continue to expand in Japan and Mitsui and Mitsubishi lead the way with some 80% of the market. The malls are now so popular and generate such traffic, both from domestic customers and tourists, that more and more brands are opening outlet stores with much wider strategic intent than just to sell off […]

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Mar 15

Lalaport Izumi targeting young mothers

Lalaport Izumi  is the latest in Mitsui’s growing chain of large, suburban family shopping centres. While some developers still aim at broad customer segments in the hope of attracting customers from a wide area, many suffer from low footfall during weekdays, but Mitsui is once again proving that it is able to target local shopping […]

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Mar 15

Another great year for SC expansion

Despite tight labour markets in construction and retail which led Aeon and others to halve the number of planned SCs this year, 2015 looks like being another strong year for new shopping malls, both in suburban and city centre locations, with Nagoya a particular focus for investment. 2015 looks set to be another strong year […]

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Feb 15

JR unveils line up for Lucua 1100

JR West will open the second section of its Lucua SC in April, with eight Isetan stores and another 150 tenants, making it the biggest station SC in the country and providing yet more competition for the Umeda area in Osaka. The former Isetan-Mitsukoshi Osaka will reopen 2 April as Lucua 1100, a few days […]

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Dec 15

Leading shopping centre sales rise 4.2%

Shopping centres had a great year in FY2013 thanks to higher spending on fashions, food and lifestyle goods. The top selling SCs fared much better than the sector as a whole. The increase in spending before the tax hike on non-essential high ticket items such as fashion and the sharp rise in tourism helped lift […]

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Nov 15

Takashimaya Tamagawa: another refit

Takashimaya Tamagawa has been one of the most successful department stores over the last two decades, and continues to hold its own despite a wealth of new competition in the area around Futako Tamagawa. It continues to update its sales floors, introducing new tenants and directly managed space to keep the locals keen. No wonder […]

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Oct 15

Mitsukoshi: a select shop for the over 60s and an SC for young women

Isetan-Mitsukoshi continues to take direct control of parts of its sales floors. The new areas are being turned into self-managed concessions and mini shopping centres in order to clarify the positioning of each branch to better suit local traffic. All of this means opportunities for overseas brands. The latest are a select shop for the […]

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Oct 15

Aeon’s station mall model to launch in Okayama

Aeon’s SC expansion has been unprecedented in the last 10 years, so much so that new SCs pass in a blur. Aeon makes many claims for new malls, with each one presented as a the latest, mould-breaking new model, but in December Aeon will genuinely open one of the most important SCs in years in […]

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Sep 15

Aeon to setup SC-based nurseries in 46 prefectures

Aeon is planning to open childcare facilities in each of its 140 SCs across the country, with a target of at least one in each prefecture by 2018. A key aim is to provide extended hour services for its own employees in a bid to help expand the number of female managers, but it will […]

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Jun 15

Aeon: switching to city centres

Shopping centres are at the heart of Aeon’s business. By late 2016, Aeon will have completed a series of large scale malls stretching across the country, including improved entertainment features, better location targeting, and improved integration with other retail banners in the group. The only problem is that 70% of Aeon’s existing malls are in […]

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Apr 15

Number of new SCs remains steady

The number of newly opened SCs doubled in 2013 compared to 2012, and a similar number is in the pipeline for this year too. More competition is good news for retailers and brands, but means choosing ever more carefully where to locate stores and which retailers to sell to. A shift towards more diverse merchandising […]

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Mar 15

More station SCs, large and small

Railway operators continue to accumulate more share of retail sales, with a welcome impact on their bottom line. As well as upgrades to existing buildings, making stations much more attractive places to shop and dine, railway operators and partner developers like Aeon are building more station shopping centres every year with wide variation in SC […]

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