The first strike in sixty years destroys a renowned Japanese department store.

One of Japan's most renowned department stores shuttered its doors on Thursday in the sector's first strike in six decades, prompted by fears that its proposed new U.S. owner will eliminate employment.

The Seibu in Tokyo's Ikebukuro district attracts approximately 70 million...

The Galleries Lafayette, a famous Parisian department store, is expanding to India's megacities of Mumbai and Delhi

Have you ever visited the Galleries Lafayette in Paris, a store that deserves a place on every traveller’s "must visit" list? We have, and whether or not you plan on doing any shopping, a trip there is a necessity. This 125-year-old, high-end department store can be found on Boule...

AMUSEMENT PARKS, DEPT. STORES, CINEMAS REOPEN IN TOKYO, OSAKA

Highlights –

• Amusement parks, dept. stores, cinemas reopen in Tokyo, Osaka.
• Coronavirus restrictions on some businesses were partially eased.
• Dept. stores are now permitted to operate fully on weekdays with shortened business hours.

DEPARTMENT STORE SALES IN SEPTEMBER FELL BY 33.6 PERCENT IN JAPAN

Highlights –

• Department store sales in September fell by 33.6 percent in Japan.
• In August the sales in department stores fell by 22 percent.
• In the reporting month, sales totaled about $3.1 billion at 196 outlets.
• The deman...

JAPAN REPORTS FALL IN DEPARTMENT STORE SALES FOR THE MONTH OF AUGUST; 22.0 PERCENT

Highlights –

• Japan reports fall in department store sales for the month of August; 22.0 percent.
• Japan reported a decline in sales for the 11th straight month.
• The decline was reported to be steeper than the 20.3 percent decrease in J...

DEPARTMENT STORES IN JAPAN THRUST THROUGH SALES OF TRADITIONAL JAPANESE OUTFITS

Highlights –

• Department stores in Japan thrust through sales of traditional Japanese outfits.
• Organizing and attending online events has been trending in Japan.
• The month of August brings in many summer festivals in the country....

JAPAN’S MAJOR DEPARTMENT STORE ISETAN MITSUKOSHI EXPECTS A NET LOSS FOR FISCAL 2020

Highlights –

• Japan’s major department store Isetan Mitsukoshi expects a net loss for fiscal 2020.
• The department store expects a net loss of $570 million this year.
• It is forecasting an operating loss of $36 million.

CAR SALES AND DEPARTMENT STORE REVENUE IN SOUTH KOREA TUMBLES - COVID-19

Highlights –

• COVID -19 takes a toll on car sales and department store revenue
• Sales of passenger cars in the local market dropped 24.6 percent this month
• Department store revenue dropped 31 percent last month

The Min...