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