Consolidation Ongoing In Japan's Retail Sector

An ageing population and stagnant wage growth have long contributed to the woes of Japan's supermarket sector. Sales have fallen by an average of 1% year-on-year annually since 2004, and to 2013 BMI expects category sales to decline by 7.2%. With the global financial crisis taking its toll on Japan (BMI is forecasting an economic contraction of 6.1% in 2009), sales of consumer goods have been dealt a further blow and this pressure is telling with mergers and acquisitions (M&A) activity in the retail sector ramping

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