J. Front Retailing is expected to maintain revenue and profit growth. While renovations at Daimaru Umeda Store are affecting the department store business, personal shopping and duty-free sales remain firm, and the shopping center business is capturing demand from visitors to Japan. The opening of HAERA in Nagoya is also cited as a factor contributing to the business.
The department store business is expected to be affected by renovations at Daimaru Umeda Store, although personal shopping and duty-free sales have reportedly remained strong.
The shopping center business is continuing to capture demand from visitors to Japan, and the recovery in demand from overseas is attracting attention.
HAERA, which opened in Nagoya, is also reported to be contributing to sales, with the article indicating that it is contributing to overall revenue and profit growth.