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Fortress close to buying Japan's Sogo & Seibu for over $1.4 billion

Discussions are in their final stage and an announcement could come as soon as Thursday, sources have said. ....

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Seven & I to negotiate sale of Sogo & Seibu to SoftBank-owned Fortress

In operating the stores, Fortress is considering cooperating with major Japanese electronics retailer Yodobashi Holdings. ....

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Seven & I considers selling Sogo & Seibu department store unit

Sogo & Seibu operates 10 stores across Japan, including the Seibu flagship department store in Tokyo's Ikebukuro district. ....

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NFT fashion collaborations: Virtual fashion, real demand

Consumers experiment with an NFT project that taps into Harajuku nostalgia from the 1990s. ....

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Four major Japanese department stores suffer sales drops of 30%-40%

Four major Japanese department stores suffer sales drops of 30%-40%
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A Takashimaya department store employee brandishes hand sanitizer at the entrance of an outlet in Osaka in May. | KYODO
Jiji
Jan 15, 2021
Four major Japanese department store operators saw their sales in the March-November period last year drop by around 30% to 40% from a year before, according to their earnings reports released by Thursday.
The sales declines are due chiefly to temporary store closures last spring and a significant decrease in the number of foreign travelers to Japan amid the novel coronavirus pandemic. ....

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