TOKYO -- Retail group Laox, which caters to tourists in Japan with duty-free stores, plans to lay off about 8% of its workforce as the company faces the risk of a pronged drop in travelers.
The Tokyo-listed company, whose parent company is Chinese retailer Suning.com, said Friday it will seek early retirement by about 160 employees starting this month. Most of the cuts -- 140 jobs -- will be at its namesake chain.
