News On Japan

Forever 21 to Exit Japan for Third Time

TOKYO - Forever 21, the American fast fashion brand that once led a global boom in affordable clothing, has decided to withdraw from Japan for the third time after its US parent company filed for bankruptcy and supply from the United States came to a halt.

The brand first entered Japan in 2000, quickly gaining popularity among younger consumers with its wide variety of low-priced clothing, but exited after just two years. In 2009, it re-entered the Japanese market and operated for a decade before closing again, unable to keep up with the rise of online shopping and changing consumer habits.

A Japanese company relaunched Forever 21 in 2023, marking its third attempt in the country. However, when the US headquarters filed for bankruptcy in March this year, nearly 70 percent of the products sourced from America stopped flowing into Japan, making it difficult to sustain the business.

All stores are scheduled to close within this month, and the company is planning a full withdrawal from the Japanese market by February next year.

Source: TBS

News On Japan
POPULAR NEWS

Typhoon Nos. 28 and 29 are expected to remain well away from Japan, but waves of 3 to 4 meters could reach parts of the country's Pacific coast from around October 10, with Typhoon No. 28 moving west near Minamitorishima at about 40 kilometers per hour as of 6 a.m. on October 8.

Tokyo University of Science professor emeritus Kenzo Soai has been awarded this year's Nobel Prize in Chemistry together with French chemist Henri B. Kagan for discoveries that transformed scientists' understanding of how chemical reactions can favor one of two mirror-image forms of a molecule.

The US military suspended activities by all forces stationed in Okinawa for 48 hours from noon on October 7, an unusual measure following the arrest of a US Marine in connection with a robbery and murder case that has renewed scrutiny of crimes involving American service members.

A core member of the international ransomware group Qilin was detained in Japan and handed over to German authorities, according to people familiar with the case, as Japanese companies and institutions face a growing wave of cyberattacks that has exposed nearly 15 million pieces of personal information this month alone.

New Year postcards for 2027 arrived at post offices across Hokkaido on October 6, with designs featuring sheep for the upcoming Year of the Sheep as Japan's traditional New Year card market continues to shrink.

MEDIA CHANNELS
         

MORE Business NEWS

Japan is entering a more difficult phase in its cybersecurity challenge, as a succession of major data breaches and ransomware attacks exposes weaknesses not only in corporate IT systems but also in supplier networks, governance structures and operational resilience.

CFD取引を始めるとき、多くの人は取扱商品の数やプラットフォームの外観に注目します。しかし、長期的に利用するサービスを選ぶためには、さらに幅広い視点が必要です。

Japan's four largest beer makers were subjected to simultaneous compulsory searches on October 7 over suspicions they coordinated wholesale prices for beer and other alcoholic beverages, in a rare cartel investigation that could lead to criminal charges.

Tokyo stocks fell on October 7, with the Nikkei 225 closing at 70,036, down 648 points, as investors took profits in semiconductor and artificial intelligence-related shares after the index’s rapid climb above 70,000 earlier in the week.

Japan's prolonged period of rising prices is continuing to squeeze households and businesses, driven by the weak yen, higher raw material costs and rising wages, forcing consumers to change how they shop and cook while companies search for ways to contain costs without losing customers.

Tokyo stocks extended their strong advance on October 6, with the Nikkei 225 closing above 70,000 for the first time in three months as buying in artificial intelligence and semiconductor-related shares combined with easing concern over the government bond market. The Nikkei gained 737 points, or 1.05%, to 70,684, while the broader TOPIX rose 38.34 points, or 0.92%, to 4,183.56.

A newly opened luxury villa in Kitakaruizawa, Gunma Prefecture, has already sold out under a shared-ownership model that allows buyers to purchase annual stays rather than an entire property, highlighting a growing push to draw wealthy visitors and investment into regional Japan.

Suzuki Motor said it will launch its new e SKY electric minicar on November 16, marking the automaker's first battery-powered mini passenger vehicle and offering a driving range of 310 kilometers on a single charge, among the longest for a Japanese-made vehicle in the category.