News On Japan
Business

Off-Price Stores Offer Massive Discounts on Clothing and Furniture

Oct 24, 2024 | News On Japan

TOKYO - Off-price stores in Japan, which offer significant discounts on clothing and furniture, are growing in popularity as inflation continues.

These stores sell brand-new items at up to 90% off, attracting customers looking for affordable options. Unlike outlet stores, which deal with excess stock from a single brand, off-price stores carry a variety of brands, offering a wide range of products. This includes out-of-season items or leftover stock, allowing them to offer such steep discounts.

The appeal of off-price stores has extended beyond clothing to furniture as well. Nationwide stores are offering luxury furniture at deeply discounted prices, often up to 80% off the original cost. The rapid restocking of new items ensures that customers frequently find new deals, further driving the popularity of these stores.

Off-price stores not only benefit consumers’ wallets but also contribute to sustainability by reducing the waste of unsold new products. By offering unsold and slightly imperfect items at reduced prices, these stores help minimize the disposal of 150,000 tons of new clothes each year, promoting a more eco-friendly shopping experience.

Source: FNN

News On Japan
POPULAR NEWS

Powerful Typhoon No. 25 Heads Toward Kanto

Large and strong Typhoon No. 25 (Duzhen) was moving north over waters south of Japan at 9 p.m. on September 20 and is forecast to approach the Kanto region at strong intensity from the afternoon through the night of September 21, bringing the risk of torrential rain, violent winds, flooding, landslides, transport disruption and power outages.

Typhoon Threatens Widespread Travel Chaos Across Kanto

Large and powerful Typhoon No. 25 is expected to make its closest approach to the Kanto region from the afternoon through the night of September 21, with flight cancellations already confirmed, planned train suspensions announced across Chiba Prefecture and possible expressway closures extending across the Tokyo metropolitan region.

Drone Hits Nagoya City Hall During Asian Games Light-Up

A drone filming the illuminated Nagoya City Hall headquarters crashed into a building across the road shortly before 9 p.m. on September 17, with police investigating whether the flight may have violated Japan's Civil Aeronautics Act.

Mount Tokachi Volcano Continues to Emit Smoke

Volcanic smoke continues to rise from Mount Tokachi (Tokachidake), an active volcano in Daisetsuzan National Park in Hokkaido, one week after its eruption alert level was raised to Level 3, restricting entry to the mountain and prompting a series of cancellations at nearby hot spring inns just before the peak autumn foliage season.

Starbucks Considers Selling Majority Stake in Japan Business

Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations.

MEDIA CHANNELS
         
MORE Business NEWS

Five-Day Holiday Puts Japan's Cost-of-Living Pressures in Focus

Japan's first five-day Silver Week holiday in 11 years has put renewed attention on household finances, with persistently high food prices and a weakening yen threatening to erode the benefits of the government's planned consumption tax cut on food.

Seventeen Tabs Open and Still No Decision

A list of providers with identical promises turns selection into brute-force sorting. The differences do exist; they are just hidden somewhere other than the homepage.

Japan's Return to Higher Rates Squeezes Households and Firms

The Bank of Japan raised its policy rate from 1.0% to 1.25% on September 18, taking borrowing costs to their highest level in 31 years and accelerating the pace of monetary tightening as persistent inflation and concerns over fiscal expansion put upward pressure on interest rates.

Yen Strengthens Sharply as Intervention Warning Rattles Market

The yen strengthened by more than 1 yen against the dollar in a short period late on September 18 after the Bank of Japan conducted a rate check, a step commonly taken in preparation for possible intervention in the foreign exchange market.

Nikkei Rallies as BOJ Rate Hike Weakens Yen and Lifts AI Shares

Tokyo stocks rose sharply on September 18, with the Nikkei 225 climbing to around 65,350 in afternoon trading after the Bank of Japan raised interest rates to 1.25%, as the yen weakened and investors bought artificial intelligence and semiconductor-related shares.

BOJ Raises Policy Rate to 1.25% as Yen Weakens

The Bank of Japan raised its policy interest rate from 1.0% to 1.25% on September 18, lifting borrowing costs to their highest level in 31 years as policymakers moved to contain growing inflation risks, but the yen weakened sharply after the decision as markets focused on two dissenting votes and uncertainty over the pace of further increases.

Market Spreads: Understanding Bid-Ask Spreads, Trading Costs and Spread Strategies

A market spread is generally the difference between two market prices. Most commonly, traders use the term to describe the bid-ask spread: the difference between the highest price a buyer is currently prepared to pay and the lowest price a seller is prepared to accept.

Starbucks Considers Selling Majority Stake in Japan Business

Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations.