China Travel Warning Deals Blow to Matsuya Ginza Duty-Free Sales
Duty-free sales at Japanese retailer Matsuya Co.’s flagship Ginza stores fell about 15% last month from a year earlier, marking the first sign that Japan’s retail sector is being hit...
By Kanoko Matsuyama · Bloomberg Markets
Duty-free sales at Japanese retailer Matsuya Co.’s flagship Ginza stores fell about 15% last month from a year earlier, marking the first sign that Japan’s retail sector is being hit by geopolitical tensions with China.