Magazines Archives - 2007 July

Sign of pick-up in Japan’s retail
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FOLLOWING an eight-month decline, Japan’s retail sales saw its first rise this year in May, albeit just 0.1% over last year, reported the country’s Ministry of Economy, Trade and Industry last month.

Year-on-year F&B sales, which rose by 1.7%, were mostly responsible for the growth. According to the government, consumers “spent more on beverages to cool themselves [in] warmer-than-usual temperatures across the nation”.

However, economists remain unconvinced that the market is recovering. As consumer spending makes up the majority of the nation’s GDP, economists argue that income levels would be a clearer indicator of consumption. They even predicted a 0.4% drop in sales for the quarter.

Still, the government remains hopeful, with Economic Minister Hiroko Ota maintaining that Japan’s recovery is firm despite some weakness in output.


2007 July Stories:

Japan leads in Asia-Pacific retailing

Coach makes Jakarta debut in premier location

Sign of pick-up in Japan’s retail

Best Buy makes foray into China

Winners of Marketing Your Retail Store

AOT’s concessions at new Thai airport draw big players

Polese joins FJ

Analysts warn of likely slowdown in online sales

Global study: E-payments boom forecast for China

Set up shop site by invitation only

E-Yen enjoying heady take-off in Japan

Asian retail SMBs to spend billions on IT this year

Abercrombie & Fitch purchases Oracle’s solutions

SAP expands to meet growing demand for mobile market

Identify the way to everyday business

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