June sales of Japanese supermarkets increased by 1.7%

June sales of Japanese supermarkets increased by 1.7%


June sales of Japanese supermarkets increased 1.7% year-on-year on the same store basis, increasing for the fourth straight month. Industry data showed Wednesday.

According to the Japan Chain Stores Association, the total sales of 11,834 supermarkets operated by 56 companies was 1,109.5 billion yen.

Food sales increased 3.0% as many people were at home under the government’s third COVID-19 emergency, which took place in parts of the country.

Side dishes are especially popular, and sales surged 12.0%.

Sales of daily necessities such as kitchen and toilet products increased by 18.4%.

Meanwhile, clothing sales fell 15.3% due to refraining from going out during the pandemic.

Sales from January to June were 6,424,300,000 yen, up 1.9% year-on-year on a store basis.

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Softbank’s $ 120 million Norwegian deal brings high value …

Softbank’s $ 120 million Norwegian deal brings high value …


SoftBank Group Corp. spends $ 120 million on Norwegian online grocery stock and then targets the market with the highest hourly labor costs in Europe. I launched it.

According to Paul Davison, director of SoftBank Investment Advisers, the deal is an example of how a country paying the average worker can come up with some of the smartest technologies.

“Oda, Norway’s largest online grocery store, operates in a high labor market and groceries are a low-margin category,” Davison said in a recent interview. For that combination, the company “needed to incorporate true automation and fulfillment efficiency into everything it did from the beginning.”

The Tokyo-based company’s investment in Norway follows a major acquisition of another Scandinavian company.

At the end of last year, Softbank bought a 10% stake in Swedish cloud-based platform provider Sinch AB and recently Kahoot! Owned about 15% stake in. ASA, a Norwegian game-based learning platform.

SoftBank is also present in many companies in Asia and other low-wage regions, but investment models in Scandinavia suggest that cheap labor is not a competitive parameter in the past.

According to Davison, the idea was to use technology to target companies that “disrupt existing markets and industries.”

The high-paying Nordic countries have a higher punch in innovation than the small population suggests. Sweden, Denmark and Finland rank in the top 10 of the world’s global innovation index, alongside much wealthier and larger countries, including the United States and the United Kingdom.

It is reflected throughout the industry. Banks in each country are considered to be at the forefront of digitalization and payment services, and cash is virtually obsolete in most parts of the region.

Since Spotify Technology SA, the number of examples of Scandinavian technology that has entered the global stage is increasing rapidly. Klarna Bank AB, Avito, Supercell, iZettle and Trustly Group AB were all born in a high-tax, high-paying welfare society where the government invests in free education.

“There are many opportunities in Scandinavia,” said Davison. “The region continues to produce outstanding, world-leading founding teams with over $ 10 billion in massive achievements.”

“All the founders and teams we meet in the region have a true clarity of vision, not just building a business to sell and move on to the next,” Davison said. Stated. “They focus on building a unique, destructive and long-term franchise.”

A 2019 study by the Swedish central bank concluded that service industries such as computers and legal consulting were hiring more people, but technological advances did not lead to lower jobs. The sector will also be hit, but history suggests that new jobs will be created, the report said.

As for Oda, grocery stores now have a “strong baseline playbook for international expansion,” Davison said. He says that the way it works means that customers are confident that they can outsource their selection of fruits and vegetables. He also states that the model is “reproducible in different regions.”

“The Nordic countries are unique in that e-commerce penetration is high by global standards. Consumers are accustomed to buying online,” he said. “But the penetration of the online grocery category is still relatively low. It creates special opportunities for all Nordic countries today.”

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Retailers report that Aeon has been hit by a record 71 billion yen …

Retailers report that Aeon has been hit by a record 71 billion yen …


Aeon Co., Ltd., a major Japanese retailer, reported a record net loss of 71.02 million yen in the year to February, the first red ink in 12 years.

At the time of Japan’s first coronavirus state of emergency announced in April last year, the tenant shop was temporarily closed, resulting in an operating loss of a general merchandise store.

Aeon’s shopping malls were also sluggish, although the grocery supermarket business was strong.

President Akio Yoshida said at a press conference on Friday that the company is aiming for a V-shaped recovery from March this year, aiming to raise profits to levels two years ago or before the coronavirus crisis.

Seven & i Holdings’ consolidated net income up to February decreased 17.8% year-on-year to 179.26 million yen, the first decrease in four years.

According to the Seven & i Revenue Report released Thursday, this result reflects a decline in revenue in all business categories during the coronavirus crisis.

An extraordinary loss of 109 billion yen due to pandemics and other factors also affected the company’s profits.

Operating revenue decreased 13.2% to 5.77 billion yen.

Convenience store Seven-Eleven Japan reported a decline in sales and profits due to voluntary outing restrictions, especially due to reduced customer traffic in urban areas.

In the overseas convenience store business, the profit margin on gasoline sales improved due to the fall in crude oil prices, but the profit margin on a yen basis declined.

Sogo & Seibu, a department store, became a subsidiary of Seven & i in 2006 and suffered its first operating loss due to temporary closures and shortened business hours due to a state of emergency.

Meanwhile, life corporation, a supermarket chain, announced that its group’s net income increased 2.3 times to 17.82 million yen, centered on a stay-at-home order.

Customer visits decreased, but spending per shopper increased by about 10%. Sales of online shopping services also surged.

Lawson Inc. reports that the convenience store business’s consolidated sales and profits have declined. Net income plummeted 56.8%.

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