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Japanese consumers are increasingly interested in beauty, influenced by their life with face masks for the Covid-19 disaster, and are increasingly choosing hair care products that emphasize functionality. Drugstores’ best-selling shelves are lined with high-priced shampoos featuring plant-derived and hair-beautifying ingredients. The selling price of hair care products has risen over the past five years. […]
The recovery of the performance of department store companies is evident. The five major department store operators announced that their August same-store sales increased by 20-40% y/y. Although the seventh wave of COVID-19 infections has had an impact on the number of customers who visited their stores, the increase in sales per customer due to […]
Department stores and other retailers are increasingly focusing on frozen foods. The Covid-19 disaster has increased demand for “bulk purchases,” where consumers complete their purchases in one trip, and has also attracted attention to value-added, premium-priced frozen foods. The reason why companies have been expanding their lineups of premium-priced products in recent years is because […]
Komehyo, which operates more than 90 sales and purchase stores nationwide, compiled a ranking based on the number of inquiries to its stores for the year from April 1, 2021 to March 31, 2022. The prolonged Covid-19 disaster has led to a boom in luxury watches, as affluent consumers who want to travel abroad but […]
Hilton has signed an agreement with Mitsubishi to open Conrad Nagoya in the summer of 2026. The hotel will be part of a mixed-use development, located in Nagoya’s central business district of Sakae, Aichi Prefecture. (source) https://www.breakingtravelnews.com/news/article/hilton-expands-luxury-portfolio-in-japan-with-conrad-hotels-resorts-in-nago/
Major airline group ANA Holdings Inc. and others in Japan are thinking of offering luxury tours to attract to the country super-rich foreigners, who spend huge amounts when traveling. Aiming to create new businesses through the move with an eye toward the post-COVID-19-pandemic world and regional revitalization, they are currently discussing offering tours that allow […]
LVMH’s first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. (source) https://www.japantimes.co.jp/news/2017/07/27/business/corporate-business/lmvh-profit-jumps-japan-europe-join-china-luxury-rebound/
Department store sales in Japan rose moderately in 2021 from the previous year to some ¥4.4 trillion but stayed below the level seen before the outbreak of COVID-19, sources said Saturday. Sales went up by about ¥200 billion from ¥4.2 trillion marked in 2020, when department stores were forced to close for a long period […]
Patrons of Tokyo restaurants and bars will be able to light up indoors for the last time on Tuesday as one of the world’s most cigarette-friendly cities starts enforcing anti-smoking laws from April 1. The ban was part of Tokyo’s preparations for the now-delayed 2020 Olympics, and covers establishments with hired employees, meaning many of […]
New flight routes over the center of Tokyo opened on Sunday, allowing a sharp increase in international flights to and from Tokyo International Airport at Haneda. The new routes allow the airport to expand the number of annual departures and landings, excluding those in late-night and early-morning hours, to 99,000 from 60,000. (source) https://the-japan-news.com/news/article/0006455879