Japan's retailers look abroad: Odayaku's move signals department stores' woes

Article Abstract:

Japanese department store operator Odayaku Electric Railway has announced its plans to vacate its outlet in Sagaimono, Tokyo and allow US developer American Malls International to manage the place. Analysts believe Odayaku's move mirrors the dismal state of the local department store chain industry and could possibly result in more closures. Other analysts assert that increased competition from specialty retail stores and a lack of incentives for consumers has contributed to the failure of smaller chains.

Management, Odayaku Electric Railway, American Malls International Corp.

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Japan's deserted dinosaurs: bold department stores venture into Suburbia

Article Abstract:

Japanese department store giants such as Daimaru, Hankyu Department Stores and Tokyu Departent Stores are preparing to set up shop in the suburbs in response to the boom in suburban retail shopping. However, the profitability of these stores remains in question since the move will be a new turf for Japanese departent store giants. Meanwhile retail industry experts expressed optimism that suburbs will become commercially viable areas because of increasing populations and easing government regulations.

Planning, Daimaru Inc., Tokyu Department Store Company Ltd.

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Japanese retailers' ties bolster stocks' outlook

Article Abstract:

Analysts consider Isetan Co. and Hankyu Dept. Stores Inc. (Hankyu), two of Japan's biggest retailers, as good investment options. Isetan and Hankyu shares trade at 100 times projected 1996 per-share earnings but experts state that this is still a good value as compared to other stocks listed in Tokyo. Both companies also boast very good cash flow and profit profiles.

Securities, Isetan Company Ltd.

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