Find in the news:
BY COUNTRY

Tax increase causes retail sales decline in Japan



Retail sales in Japan have fallen by 4.4% during April, compared with April last year.
This has been attributed to a rise in the sales tax rate, from 5% to 8%.  This is the first increase in 17 years. Analysts believe that the drop in sales is also due to people buying ahead of the increase date.  This was evident in the March sales which grow by 11 % - the highest since March 1997, BBC says.
The sales tax rise is expected to aid the country in achieving its inflation target of 2%.  Japan has been struggling with deflation for the past 20 years. This has affected domestic consumption, as businesses and consumers delay purchases in the hope of obtaining a better deal later.
Policymakers are working hard on ending this cycle in a bid to revive economic growth.  Some of the measures taken have had positive effects, and consumer prices have increased in Japan. The country hopes that with rising prices, businesses and consumers will be forced into spending money and not holding back on purchases.
There are concerns that the tax increase may prompt people to stop buying which will hurt domestic demand.  Analysts are hoping that this is a temporary sales setback.


More about shopping malls in Japan



DAY BEFORE YESTERDAY, France:
Les Ateliers Gaîté projects to be based in central Paris and La Part-Dieu in Lyon, France.
Nov 15, 2017, Serbia:
Ada Mall will be the first shopping mall of the newest generation in Belgrade, Serbia.
Nov 14, 2017, Russia:
The FORT Group is acquiring the entire retail portfolio in Moscow from IMMOFINANZ in a share deal.
Nov 13, 2017, United Kingdom:
Haribo has chosen London Designer Outlet (LDO) for its first outlet store in the UK.
Nov 9, 2017, USA:
The company begins $186 million redevelopment of the former Hylan Plaza shopping center.
Nov 8, 2017, USA:
A new feature lets customers visualize online products in their own living space.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us