Major Japanese retailer Seven & i Holdings Co said Monday its U.S. unit 7-Eleven Inc. will acquire Speedway LLC, a convenience store and gas station network, for $21 billion to expand revenue sources overseas due to a saturated domestic market. The deal, the fourth-largest acquisition of a foreign company by a Japanese firm, was reached Monday between the Seven-Eleven … [Read more...] about Seven & i To Buy US Convenience Store, Speedway For $21 Billion
Business
Fisheries Looking For New Ways To Sell Their Products
The nationwide outbreak of the new coronavirus has put tremendous downward pressure on the prices of fishery products, leading to a rethink of the business side of the seafood industry. Yomiuri Shimbun Staff Writer Yoshinori Yasui interviewed Kazuyoshi Kawasaki, president of the Hokkaido Federation of Fisheries Cooperative Associations. During the interview, Kawasaki said with … [Read more...] about Fisheries Looking For New Ways To Sell Their Products
Japan Railway To Raise Train Fares During Rush Hour
East Japan Railway Co. (JR East) plans to raise train fare during rush hours as the coronavirus affects how people use trains, President Yuji Fukasawa said at a regular press conference on Tuesday. To help supplement fallen revenue, the company plans to have a fare system where rates change depending on demand — fares would rise, for example, during times when trains are … [Read more...] about Japan Railway To Raise Train Fares During Rush Hour
Japan To Ease Entry Restrictions For Taiwan, Southeast Asia
The Japanese government plans to ease entry restrictions for visitors from Taiwan and Southeast Asian countries. The officials will start full-scale negotiations during this month with these countries, where novel coronavirus infections are in a stable situation, to ease entry restrictions. The government has already started similar negotiations with Vietnam and Thailand to … [Read more...] about Japan To Ease Entry Restrictions For Taiwan, Southeast Asia
Japanese Convenience Stores Face Declining Sales Amid Pandemic
Japanese convenience stores are facing declining sales amid pandemic. The number of customers in office districts and at tourist spots has declined by about 10% due to the COVID-19 pandemic. Although they have been experiencing a kind of growth, the use of convenience stores for many services, including food items, has been on the decline. If the current trend of people … [Read more...] about Japanese Convenience Stores Face Declining Sales Amid Pandemic