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Household spending in Japan picked up in August, rising 0.6% y-o-y, and this followed a 0.2% decline in July. Department store sales also increased on the back of positive women’s apparel and cosmetics goods sales. Visitor arrivals continued at a record pace and underpinned a . . .
Demand continued to be healthy in 3Q17, coming from international retailers and F&B operators looking to open new stores or to relocate to better locations. New openings in the quarter included Chloe’s new store on Ginza Chuo-dori and Longchamp’s relocation to Omotesando from Kita Aoyama. In addition, Issey Miyake opened a new shop on Renga-dori and Sixpad opened on Aoyama-dori. Rents were stable q-o-q in both Ginza and Omotesando as at end-3Q17, at JPY . . .
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01 November 2017