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3 Major Japanese Retailers Post Higher Operating Profits

3 Major Japanese Retailers Post Higher Operating Profits

   Tokyo, Jan. 10 (Jiji Press)--Three major Japanese retailers posted higher group operating profits in March-November 2019, benefiting from the government's point reward program for cashless payments introduced to cushion the impacts of the October consumption tax hike, according to their earnings reports released by Friday.
   Seven & i Holdings Co.'s <3382> operating profit rose 4.9 pct to 319 billion yen, hitting the highest level for the nine-month period for the seventh straight year, with Seven-Eleven Japan Co.'s strong convenience store business more than offsetting sluggish performances at the group's supermarket and department store operations.

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AFP-JIJI PRESS NEWS JOURNAL


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