Matsuya Ginza, a department store operator in Ginza, Tokyo, announced on November 27 that it has launched a new e-commerce site, “matsuyaginza.com” to realize OMO (Online Merges with Offline). The new digital platform will allow customers to access a luxury product lineup from around the world, including brands that have stores in Matsuya Ginza as […]
According to preliminary November sales figures released by four major department store operators, all of them posted year-on-year increases. Isetan Mitsukoshi Holdings Ltd. posted a 10.4% y-o-y sales increase, J. Front Retailing (total of department store operations) a 7.6% increase, H2O Retailing (total of all Hankyu Hanshin department stores) a 5.8% increase, and Takashimaya stores […]
Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups, announced on November 29 that it will acquire WealthNavi, Japan’s largest robo-advisor provider of discretionary investment services. In Japan, the government has been promoting the realization of an asset management nation, and new initiatives such as the small amount investment tax exemption (NISA; […]