TOKYO The coronavirus has forced Japan's notoriously fussy food shoppers to abandon doubts about online grocery stores, sending retailers such as Aeon Co scrambling to meet a surge in delivery demand.
TOKYO Takeshi Niinami, the head of Japanese drinks and food group Suntory Holdings and a government adviser, predicted on Friday that more than 20% of bars and restaurants could fail due to the coronavirus pandemic.
TOKYO/BEIJING The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.
TOKYO Shareholders of Kirin Holdings and Toshiba Machine backed their managements on Friday in two closely watched votes, but analysts said activist investors were beginning to gain ground in Japan.
TOKYO Japan's Fast Retailing said only 30 of its 750 Uniqlo stores in China were still closed, meaning most of its shops outside Hubei province, the epicenter of the coronavirus outbreak, had reopened.
TOKYO Japan's Kirin Holdings on Tuesday stepped up its defence against an activist investor that is demanding it sell off its non-beer assets, saying board members proposed by the fund did not know enough about the company.
TOKYO Walmart Inc might finally have found the sweet spot in Japan's food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
TOKYO Japanese drugstore firm MatsumotoKiyoshi Holdings said it would buy 20% of rival Cocokara Fine Inc for roughly $350 million and aim for a full merger next year, becoming the leader in a sector grappling with fierce price competition and rising labor costs.