Japan news

13 December 2019
Costco’ new financial year saw a continuation of the strong results of the last year. We review its performance and how new ecommerce initiatives and its launch in China have contributed to its growth. Comparable club sales up 5.0% Costco’s Q1 net sales increased 5.6% to $36.2bn, with comparable club sales up 5.0%. Canada led the way with comparable club sales up 5.1%. Comparable ecommerce ...
04 December 2019
Last year, Costco Japan announced plans to launch an online store . We are now beginning to see the wholesaler make progress. Costco online shopping coming soon In preparation of launching its online shopping platform, Costco Japan has revamped its corporate website . The wholesaler has introduced a new AI ChatBot system and is advising shoppers to prepare by registering online to creat...
03 December 2019
FamilyMart will sell 23 kinds of Christmas cakes this year, but only by reservation. Reducing waste and raising profitability Until last year, FamilyMart ordered the amount of cakes based on expected sales in addition to reservations. The retailer seeks to reduce food waste as well as raise profitability. Reservations for Christmas cakes helps reduce the cost of stocking and disposing of un...
29 November 2019
Aeon has partnered Ocado to develop its online grocery business in Japan. Developing a national fulfillment network The new partnership will involve Ocado building automated warehouses in Japan. These will be like the ones Ocado has set up in the UK, where robots fill customer orders ready for home delivery. Aeon will launch a new online business using the Ocado Smart Platform, which includ...
14 November 2019
FamilyMart in Japan has confirmed it will introduce a new policy from March next year, giving its franchise owners the option to close during late-night hours. New policy will cover nearly 16,000 stores FamilyMart has been reviewing its around-the-clock store policy, testing shorter opening hours at approx. 700 stores in Japan. The retailer has now confirmed that it will roll this out acr...
11 November 2019
Retailers in Japan are exploring innovative ways to make shopping more convenient. Drone deliveries to support the elderly Lawson has teamed up with Rakuten to offer drone deliveries in Minamisoma. The town has many elderly residents who have difficulty getting around. The service will run for six months before the companies decide whether to make it permanently available. Nearly all of ...
08 November 2019
Rakuten has published its results for the nine months ended September 30, with Group revenue up 14.6% to JPY905,781m (US$8.3bn) year-on-year (yoy). Internet Services revenue up 18.5% Revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 18.5% to JPY561,092m (US$5.1bn) yoy. Segment profit increased by 14.5% to JPY114,039m (US$1bn) ...
10 October 2019
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their results for the six months ending 31 August 2019. Seven & i Holdings: total sales flat up 0.8% Seven & i recorded a 0.8% increase in total group sales to JPY5997.4bn (US$55.8bn), with operating profit rising 2.8% to JPY205.1bn (US1.9m) year-on-year (yoy). Revenue from domestic convenience s...
01 October 2019
After postponing the rise of consumption tax twice, Japan has today brought in the long-delayed policy into effect. The increase is the first time in five years, from 8% to 10%. Rebate to provide shoppers relief The new rate applies to nearly all goods and services, from electronics to books. The government has introduced measures, however, including discounts for certain purchases made u...
20 September 2019
Amazon Japan will begin installing Amazon Lockers in retail outlets and train stations this year. Partnering with retailers The ecommerce operator will introduce Amazon Hub service through partnerships with FamilyMart convenience store chain, supermarket operator Fuji Citio and Odakyu Electric Railway. The lockers will appear in dozens of retail outlets and train stations by the end of this...