Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.
Times may still be tough for Laura Ashley but its fashion business powered ahead in H1 with double-digit growth and the spring collection looks like it could deliver more of the same, it said Wednesday.
The Printemps Ginza department store in one of Tokyo’s premier shopping districts closed on Saturday after a 32-year history, following the expiration of its license with the Qatari-controlled French retailer.
The Retail Real Estate Market China trade show, to be held in Shanghai on 15th and 16th June, has already announced the attendance of some one hundred retail brands at its conferences and networking events.
Japanese retailer Aeon said on Friday it aims to boost its operating profit to at least 280 billion yen in the financial year through February 2017, as part of a new three-year growth plan driven largely by Asian expa...
Aeon Co, Japan's No.2 general retailer, on Thursday projected a 7.3 to 12.4 percent rise in operating profit this business year on increased offerings of higher-margin, private-label products and cost cuts.