Sogo & Seibu will soon open its renovated department store basement, where foodstuffs are usually sold, on the first basement floor at the Japanese department store chain's flagship store in Tokyo's Ikebukuro district. https://www.japantimes.co.jp/business/2025/09/16/companies/seibu-ikebukuro-food-floor/?utm_medium=Social&utm_source=mastodon #business #companies #sogoseibu #ikebukuro #departmentstores #food #seibuikebukuro

Once the darling of Japanese stock investors, department stores have lagged the recent broad market rally and could fall further behind as a strong yen dents tourist spending power. https://www.japantimes.co.jp/business/2025/07/03/economy/department-stores-shares-lag/?utm_medium=Social&utm_source=mastodon #business #economy #departmentstores #japaneseeconomy #tourism #shopping #retailers #shopping #earthquakes #taxes

Sales of tax-free items at department stores in Japan are tumbling as a greater variety of foreign tourists means changing priorities when shopping. https://www.japantimes.co.jp/business/2025/06/27/companies/department-store-sales-tourists/?utm_medium=Social&utm_source=mastodon #business #companies #departmentstores #retailers #tourism #consumptiontax