Consumer Discretionary / Staples

Report by JapanConsuming

Highlights from this month’s issue of JapanConsuming include: 1) The great divide: Isetan & Hankyu break records as regional stores close. 2) Rakuten’s Seiyu sell off will boost netsuper business. 3) Authentic Brands to open office in Japan’s “¥3trn brand paradise”. 4) Yaoko: 34 years of record profits. 5) Ecbeing nears ¥1trn in GTVs. 6) Big apparel revival: Onward up again, Sanyo Shokai finally makes a profit. 7) Seven & I CEO survives - just about. 8) Their 'FOCUS' article examines whether today’s ‘normal’ is the same as it was back in 2019: record levels of income, full to bursting savings accounts, alongside subtle signs of a falling propensity to save mean people are out spending again.