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Wednesday, 21st January 2009
In General Japan News,

Retailer to cut prices 'on 1,400 items'

Travellers visiting Japan may be able to pick up an electronic item or a piece of furniture at a bargain price thanks to the supermarket chain Seiyu.

Due to the recent toll taken on the spending budgets of many consumers, the retailer has announced it is to reduce the prices of around 1,400 items by as much as 40 per cent.

For instance, a bicycle will retail for around 8,000 yen (£64) while a DVD player will be available for roughly 4,000 yen.

Seiyu said it hopes the cut-priced products will appeal to consumers at a time when the yen is strong in comparison to other currencies.

The chain has also announced it intends to fully refurbish around 100 of its 375 stores thoughout Japan over the next two years.

In related news, recent figures have shown that sales of items in Japanese convenience stores has risen at the quickest rate for eight years, reports Bloomberg. ADNFCR-1445-ID-18985042-ADNFCR