Hidden Wasabi comments

Posted in: Seven & i to sell Sogo & Seibu department stores to Fortress Investment See in context

"as more people turn to cheaper items and online retailers like Amazon.com and Rakuten Group for their daily shopping in recent years, the department store industry saw an increasing number of its outlets close"

The retail market has has changed dramatically, and now physical stores must offer some unique value to compete with online alternatives, and build an online presence themselves. Japanese giants are not immune. Some will manage to reinvent themselves. Those who can't will disappear. There's nothing unique here to Japan, the same trend can be seen across the world.

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