All Japan articles – Page 7
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7-Eleven aims for 20,000 environmentally friendly stores
Seven & I-owned 7-Eleven plans to have 20,000 environmentally friendly stores across the globe within five years, accounting for about 40% of its operations. The convenience stores will use LED technology for signs and lighting, generate electricity from solar power, feature hot water systems that use waste heat from air ...
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Fast Retailing to raise £6.9bn
Fast Retailing chairman and chief executive Tadashi Yanai has revealed the company plans to raise a ¥1 trillion (£6.9bn) war chest to back its bid to become the world’s leading global clothing retailer.He said that acquisitions would be necessary, particularly in the US and Europe, to reach that goal. “We ...
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Retail sales down in Japan
Retail sales fell 0.3% in December from a year earlier, as consumers sought out cheap goods while employment conditions remained unstable.The figure declined for the 16th month in a row, data released by the Ministry of Economy, Trade and Industry showed. Sales at department stores, grocery stores and book stores ...
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Best Denki to close stores
Electronics retailer Best Denki plans to close 50 to 70 stores by February 2012 and cut staff numbers by several hundred to slash costs.The cuts follow the revelation of increased losses in the retailer’s third quarter.Best Denki will also liquidate its Sakuraya subsidiary, with its 15 stores closing next month.Chairman ...
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Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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Lawson revenue hits £2.3bn
Operating revenue at convenience store player Lawson hit JPY339.7bn (£2.3bn) for the nine months to November 30, 2009.Operating profit came in at JPY44bn (£302m), while net profit was JPY23bn (£158m).The results came during a difficult trading environment for Japanese convenience stores, with relatively bad weather coinciding with a decline in ...
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7-Eleven to open 1,000 convenience stores in Japan
Seven & I-owned 7-Eleven plans to open a further 1,000 convenience stores in Japan in the next year and to close 500 to 600 underperforming outlets, local press reported.Its 2010 financial year will be the second year of such large scrap-and-build expansion. Many of the new stores will be located ...
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Aeon to overall supermarkets
Aeon is to overhaul the supermarkets under its umbrella.The Japanese group plans to transform 55 stores - about 10% of the total number of Jusco stores and other supermarkets in the group - in 2010.Aeon will downsize floor space for items that have not been selling well, such as clothing ...
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FamilyMart to acquire Am/pm Japan
Convenience retailer FamilyMart is to acquire Am/pm Japan for ¥12bn (£80.1m) from parent company Rex Holdings.FamilyMart, Japan’s third largest convenience chain, plans to absorb Am/pm next year and will rebrand the stores over the next two years.The chain will be acquired in partnership with its main shareholder Itochu. The merged ...
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Sales at electronics retailer Yamada Denki climb
For the six months to September 30, sales at consumer electronics retailer Yamada Denki climbed 1.9% to JPY936.6bn (£6.3 bn). Operating profit fell 15.4% to JPY25.1 billion (£168 million). Net profit was down 20.2% to JPY16.4 billion (£110 million).
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Gianni Versace plans Japan exit
Designer fashion brand Gianni Versace plans to exit the Japanese market due to a slowdown in consumer spending.Its three stores in Tokyo, Osaka and Chiba will be shut and liquidation measures are expected to be complete by the end of the year. “The Versace boutiques in Japan no longer represented ...
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Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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Tesco heads east with Japanese c-store takeover
Tesco has pushed into the Japanese market by acquiring convenience store retailer C Two-Network for£139 million.