In today’s briefing:
- Matsuya Targets ¥20 Billion Online
Matsuya Targets ¥20 Billion Online
- Department store sales to locals plummeted in October, resulting in the first decline in 32 months.
- While sluggish clothing sales was one factor, another was crowded luxury concessions putting off locals from visiting.
- Matsuya thinks it has the answer: keeping locals and tourists separate using a new online store.
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