Department stores still drive retail sales growth in Japan – for now

Japan’s department stores bear a striking resemblance to cruise ships: they’re big, luxurious, move glacially and serve an ageing customer. Yet they’ve been around for so long that you can’t imagine them ever not being there. And despite the challenges they face, recent trends indicate they are going to be around for a good while yet.  Japan’s Ministry of Economy, Trade and Industry (METI) reports that department stores led the retail sales recovery through the first five months o

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