The five biggest convenience store operators in Japan claimed more than 90% of the market by sales for the first time in fiscal 2013. Sales for all Japanese convenience store locations totaled 9.81 trillion yen ($95.7 billion) for fiscal 2013, according to a Nikkei survey.
Although the association of carnations with Mother’s Day began in the United States and stretches back over 100 years, I grew up never really being conscious of it (likely due to some combination of being a terrible son and having little interest in historical events that didn’t involve swords). In Japan, though, most people are aware that carnations are a symbol for Mother’s Day, and a bouquet of the flowers is by far the most common gift given on the holiday.
Mikihiko Yamato, Deputy Head of Research at Ji Asia tells CNBC's Cash Flow which retailers will benefit from the recent improvement in Japanese consumer sentiment. He expects favourable earnings from fast retailing companies like H&M and Gap. Hit play to find out how Abenomics influence Japanese retailers like Aeon and Izumi.
Matsuzakaya, the oldest department store in Tokyo’s famous Ginza shopping district, closed Sunday for a total makeover and will reopen as a large commercial complex in four years. Under a block-wide redevelopment project, the venerable 88-year-old, seven-story department store will be replaced in fiscal 2017 by a 13-floor high-rise with six basement floors and office space, operator J. Front Retailing Co. said.
Japanese consumer confidence improved in March to the highest level in almost six years, a Cabinet Office survey showed on Wednesday, indicating that aggressive government and central bank policies are having their desired effect. The survey's sentiment index for general households, which includes views on incomes and jobs, was 44.8 in March, which was the highest since May 2007. That was also up from a revised 44.2 in February.
Attempting to read and understand food labels in Japan can be a tricky thing. Even when being able to read hiragana, katakana and some kanji, the majority of the food labels are still confusing to many consumers -- EVEN JAPANESE !! Japan-based blogger Ashley (Surviving Japan) wrote this awesome guide on how to read food labels in Japan which we are now sharing with you. Enjoy to realize what you're eating in Japan! Thanks Ashley !!
FOODeX JAPAN is the largest annual food and beverage trade show in Asia and has been a highly successful trade event since its debut in 1976 serving not only Japan’s $700 billion food market but many lucrative Asian markets. Over 75,000 professional visitors attend FOODEX 2013, including over 6,500 from Korea, Taiwan, China, Thailand, and Hong Kong. Location: Tokyo, Makuhari Messe Chiba Exhibit Profile: Food, beverage products Visitor Profile: Supermarkets, hypermarkets, wholesalers, grocery stores, food service hospitality, fast food chains, convenience stores, distributors, importers, agents and brokers No. of Exhibitors: 2,500 producers from 73 countries
New research from McKinsey suggests that Japan’s online grocery market is likely to grow rapidly over the next few years, creating opportunities for supermarket retailers (and, to some degree, fast-moving consumer goods manufacturers). Back in 2009 already Japan’s general merchandise stores and supermarkets comprised an Internet grocery retail market estimated at ¥28.4 billion ($280 million) of which Ito-Yokado accounted for 45 percent and Seiyu (Wal-Mart) another 31 percent
top 3 retail groups Japan
Seven & i Holdings released a market report on 2012. It attests a decline in the number of retail stores in Japan. Japan's shoppers overall show less interest in large shopping sprees and more interest in convenience. The reason thereof partly lies in the ever aging population of Japan as well as the increasing number or working women who have less time to go shopping for the family or for their pleasure. The market position of Seven & i Holdings among retailers worlwide has dropped.
Convenience store chain operator Lawson Inc. has announced it will launch an online shopping site with Yahoo Japan Corp. in mid-January. Lawson intends to boost the number of items available on the "Smart Kitchen" site to about 23,000, equivalent to the lineups of large supermarkets, by late March.