In 2023, Japan's retail sector has shown robust growth with department store sales surging ahead of the industry average, and the effects of tourism and inflation playing pivotal roles. However, experts speculate on the sustainability of this growth trend as we approach 2024, with underlying factors poised to reveal the true state of the retail landscape.
TOKYO Japanese retailer Seven & i Holdings Co. is selling department store chain Sogo & Seibu Co. to a U.S. investment fund, even as the union representing the company’s retail workers went on strike ahead of the announcement Thursday.
Japan's first strike in decades: Tokyo department store workers hit the picket lines – People's World peoplesworld.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peoplesworld.org Daily Mail and Mail on Sunday newspapers.
Japanese retailer Seven & i Holdings Co. is selling department store chain Sogo & Seibu Co. to a U.S. investment fund, even as the union representing the company’s retail workers went on strike ahead of the announcement Thursday. It’s the first major walkout the country has seen in decades.