Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Equity Bottom-Up

<ul>
<li>ABC Mart aims to have 50 Oshman’s stores by 2031. </li>
<li>The plan is to build out Run &amp; Fitness, a new, smaller concept designed for shopping malls and to appeal to more female customers through yoga and Pilates.</li>
<li>The investment is part of wider plans to broaden ABC Mart's business beyond footwear and firmly into the still growing sports market, both in Japan and around Asia.</li>
</ul>


ABC Mart aims to have 50 Oshman’s stores by 2031. 
The plan is to build out Run &amp; Fitness, a new, smaller concept designed for shopping malls and to appeal to more female customers through yoga and Pilates.
The investment is part of wider plans to broaden ABC Mart's business beyond footwear and firmly into the still growing sports market, both in Japan and around Asia.


<ul>
<li>The footwear retail sector is a one horse race, with that horse being ABC Mart.</li>
<li>It continues to grow at a respectable rate while increasingly diminutive rivals contract.</li>
<li>ABC Mart is expanding further into the apparel category too, providing more room for future growth.</li>
</ul>


The footwear retail sector is a one horse race, with that horse being ABC Mart.
It continues to grow at a respectable rate while increasingly diminutive rivals contract.
ABC Mart is expanding further into the apparel category too, providing more room for future growth.


ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

<ul>
<li>Japan’s footwear retail sector continues to consolidate and looks increasingly like a one-horse race.</li>
<li>ABC Mart is taking further share through intelligent investment and category expansion. </li>
<li>G-Foot, which almost went under last year, is now being fully absorbed by Aeon, while Chiyoda continues to hope against hope that its private brand investments will finally pay off.</li>
</ul>


Japan’s footwear retail sector continues to consolidate and looks increasingly like a one-horse race.
ABC Mart is taking further share through intelligent investment and category expansion. 
G-Foot, which almost went under last year, is now being fully absorbed by Aeon, while Chiyoda continues to hope against hope that its private brand investments will finally pay off.


No Rival for ABC Mart in Japan's Footwear Market

Thematic (Sector/Industry)

<ul>
<li>Japan’s top retailers had a strong FY2025, with the top 81 companies now controlling 48% of all retail sales, up 5.2 points in a single year.</li>
<li>It was a year defined as much by reconfiguration as growth, with drugstores, discounters and e-commerce taking share from supermarkets, department stores and home centres.</li>
<li>A wave of M&amp;A reshaped the competitive map faster than organic performance alone could explain. This focus examines what results reveal about where Japanese retail is heading next.</li>
</ul>


Japan’s top retailers had a strong FY2025, with the top 81 companies now controlling 48% of all retail sales, up 5.2 points in a single year.
It was a year defined as much by reconfiguration as growth, with drugstores, discounters and e-commerce taking share from supermarkets, department stores and home centres.
A wave of M&amp;A reshaped the competitive map faster than organic performance alone could explain. This focus examines what results reveal about where Japanese retail is heading next.


M&A a Key Tool to Gain Market Share in Japanese Retailing

<ul>
<li>There have been a lot of deals in the last 5 years, including M&amp;A between Japanese companies, distribution deals/licenses, foreign companies buying into Japan and Japanese buying foreign brands. </li>
<li>Consolidation is a key motivation but so are category expansion, rationalisation and buying in expertise. All these reasons and more suggest more deals to come in the next few years.</li>
<li>Here we provide a comprehensive list of deals between 2019-2025 as well as a map showing who owns who and, as important, who influences who without any paperwork at all.</li>
</ul>


There have been a lot of deals in the last 5 years, including M&amp;A between Japanese companies, distribution deals/licenses, foreign companies buying into Japan and Japanese buying foreign brands. 
Consolidation is a key motivation but so are category expansion, rationalisation and buying in expertise. All these reasons and more suggest more deals to come in the next few years.
Here we provide a comprehensive list of deals between 2019-2025 as well as a map showing who owns who and, as important, who influences who without any paperwork at all.


[Japan M&A] Who Owns Who in Fashion & Lifestyle Markets

Japan

ABC-MART, INC. plans, develops, wholesales, and retails shoes.  The Company also plans and develops brand name shoes such as VANS and G.T. HAWKINS.  ABC-Mart imports and wholesales shoes, apparel, bags, and sundries as well.

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ABC Mart (2670 JP)

ABC Mart to Double Stores for Oshman's

ABC Mart is doing all the right things in Japan: category expansion, more premium brands, and more banners, all helping drive sales and healthy op....

Michael Causton

ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

Michael Causton

No Rival for ABC Mart in Japan's Footwear Market

Japan's footwear retail sector is consolidating with ABC Mart leading the way while G-Foot is being absorbed by Aeon and Chiyoda struggles with...

Michael Causton

[Japan M&A] Who Owns Who in Fashion & Lifestyle Markets

Recent years have seen a surge in deals between Japanese and foreign companies in lifestyle/fashion, driven by consolidation and category...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ABC Mart to Double Stores for Oshman's

ABC Mart is doing all the right things in Japan: category expansion, more premium brands, and more banners, all helping drive sales and healthy op....

Michael Causton

ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

​ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

Michael Causton

No Rival for ABC Mart in Japan's Footwear Market

​Japan's footwear retail sector is consolidating with ABC Mart leading the way while G-Foot is being absorbed by Aeon and Chiyoda struggles with...

Michael Causton

M&A a Key Tool to Gain Market Share in Japanese Retailing

Japan’s top 81 companies control 48% of all retail sales as of FY2025, up 5.2 points in a single year. M&A was the main reason and the pace of...

Michael Causton

[Japan M&A] Who Owns Who in Fashion & Lifestyle Markets

​Recent years have seen a surge in deals between Japanese and foreign companies in lifestyle/fashion, driven by consolidation and category...

Michael Causton

ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

Japan's footwear retail sector is consolidating with ABC Mart leading the way while G-Foot is being absorbed by Aeon and Chiyoda struggles with...

Recent years have seen a surge in deals between Japanese and foreign companies in lifestyle/fashion, driven by consolidation and category...