All Japan articles – Page 6
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News
J Front Retailing revenue falls 3.1% to £5.4bn
Revenues at department store group J Front Retailing fell by 3.1% to ¥687.8bn (£5.4bn) in the nine months ending November 30, 2010. Operating profit increased by 3.5% to ¥9.3bn (£73.2m) while net profit doubled to ¥4.8bn (£37.8m).
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DCM Holdings revenue falls 2% to £2.5bn
Home improvement retailer DCM Holdings reported a 2% fall in revenues to ¥320.8bn (£2.5bn) in the nine months ending November 30, 2010. Operating profit was up by 3.8% to ¥11.8bn (£93m), while net profit was up by almost a quarter to ¥6.5bn (£51m).
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AnalysisJapan’s Aeon to triple spend on emerging Asian markets
Japan’s second largest retailer Aeon recently announced an ambitious new three-year business plan, in which the company will nearly triple its investment in overseas Asian markets by fiscal 2013.
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Amazon to launch home delivery service for food and drink in Japan
Amazon will start a regular home delivery service for food and beverage items in Japan by the end of the year. Amazon.co.jp will begin by delivering just baby food but is expected to expand the service to beverages and processed foods next year.Amazon expects the service will initially be used ...
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Lawson to acquire HMV Japan for £14m
Convenience store retailer Lawson is to acquire music and video retailer HMV Japan on December 1 for ¥1.8bn (£14m). All of HMV Japan’s shares will be purchased from Daiwa Securities SMBC Principal Investments Co. HMV Japan runs 37 stores in Japan. Lawson hopes that the acquisition will help boost its ...
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News
Seven & I Holdings profits rise 91% in Q2
Convenience store owner Seven & I Holdings reported net profit rose 91% in the second quarter ended August 31 compared with the previous year, thanks to the strong performance of its convenience stores and the unusually hot summer. The company reported a net profit of ¥38.13bn (£292m) compared with a ...
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News
Fast Retailing expects profits to fall next year as global competition toughens
Fast Retailing expects its profits to fall next year as global competition toughens. The Japanese company said it expected operating profit to fall 14.3% to ¥113.5bn (£869m) for the year to August 2011, despite managing a 21.9% increase in operating profit in the year to August 2010. The company said ...
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News
Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
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News
Suning to purchase 21m in shares in LaOX
Chinese consumer electronics retailer Suning is to purchase a further 21 million shares in Japanese retailer LaOX. After the purchase, Suning will hold 33.08% of LaOX shares. Suning will also nominate two new board directors, which needs to be approved later by the shareholders.
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News
Uniqlo to open in prime locations in Japan
Fast Retailing is looking to improve profitability in Japan by opening Uniqlo stores in prime commercial facilities in Tokyo and other major cities. The company plans to open a 7,100 sq ft Uniqlo store in Tokyo Midtown, a new commercial complex in the high-end Roppongi district, as early as next ...
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NewsTopshop to expand in Japan with new flagship store
Fashion powerhouse Arcadia is to expand its Topshop chain in Japan with the opening of a flagship store in Tokyo next month.
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News
Lawson and Matsumoto-kiyoshi put off JV plan
Convenience store operator Lawson and drugstore chain Matsumotokiyoshi have put off plans to establish a joint venture until they can confirm the profitability of pilot stores. Initially considered was a plan to combine Matsumotokiyoshi drugstores with Lawson’s high-end convenience stores for health-conscious consumers, but the idea was rejected.
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News
Fast Retailing sales up 23%
Fast Retailing, owner of Uniqlo, reported a sales rise of 23% to ¥659.1bn (£4.94bn) for the first nine months of fiscal 2009/10. The fashion retailer reported a profit rise of 35% to ¥67.2bn (£503.4m) for the period, which ended May 31. Fast Retailing is forecasting sales of ¥815bn (£6.08bn) for ...
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NewsTed Baker targets China and Japan for big roll-out
Quirky fashion retailer Ted Baker is targeting China and Japan as it continues its aggressive international drive.
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News
Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.
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News
Fast Retailing plans 200 g.u. stores
Fashion retailer Fast Retailing has revealed plans to have opened 200 stores for its low-cost casualwear brand g.u. in Japan by 2013. The company - which owns Uniqlo - plans to open 25 shops, to bring its total number of stores to about 120, by the end of May. It ...
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News
Aeon to expand The Big hypermarkets
Aeon has announced plans to boost its number of The Big hypermarkets. Aeon currently operates about 30 stores trading under The Big brand name.The company said that it would increase The Big store numbers seven-fold over the next three years, to 200 stores.The group also plans to convert its MaxValu ...
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News
First Labi flagship for Shinjuku
Japanese consumer electronics retailer Yamada Denki has opened its first Labi flagship store in Tokyo’s Shinjuku district.The 84,820 sq ft store is spread over nine floors and is expected to generate annual sales of ¥50bn (£342m). The store has a special dedicated area devoted to women in order to attract ...
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Fast Retailing profits jump
Fashion group Fast Retailing has announced a 43% jump in operating profit for the first half to February, lifted by strong sales at Uniqlo.Consolidated net sales totalled ¥470.9bn (£3.23bn), rocketing 31.8% year on year. Like-for-likes at Uniqlo stores in Japan rose 13.1% for the period, beating its forecast of 11.2% ...