Japan’s department stores: What’s left when the tourism tide goes out?
Inside Retail
JANUARY 9, 2024
Japan’s storied department stores are riding a wave of overseas tourists, and although there is no sign yet of a wipeout, the cautious pronouncements of company executives indicate that it’s a wave they can’t ride on indefinitely. On the surface of it, department stores still have their mojo: sales in October rose by 5.3
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