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



Aug 14, 2019, USA:
The flagship store in NYC presents an updated global concept of The North Face retail stores.
Aug 14, 2019, United Kingdom:
Crew Clothing and independent retailer Starlings Toy Outlet are set to open shops in the East Midlands.
Aug 13, 2019, USA:
Nike announced the launch of the sneaker subscription service for children.
Aug 13, 2019, Russia:
The brand has entered Russia for the first time through Ingka Centres’, formerly IKEA Centres, MEGA mall in Moscow.
Aug 12, 2019, Italy:
WRM Group and Conad signed an agreement to acquire Auchan Retail Italia, announced by the financial community.
Aug 9, 2019, Hong Kong:
An American fast-food chain has announced the opening of its flagship restaurant in an updated concept in Hong Kong.
ICSC ECE

Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla


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