ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail

Duty-free chain Laox to close half of stores in Japan

Chinese-owned retailer seeks more job cuts in shift away from tourist customers

The coronavirus-induced travel slump has forced Laox to rethink its business model, such as a focus on food at a recently opened branch in Osaka.  (Photo by Toshiki Sasazu)

TOKYO -- Duty-free store operator Laox will close half of its locations in Japan, the company said Tuesday, seeing no recovery on the horizon from a plunge in Chinese, South Korean and other Asian tourists.

The 12 stores marked for closure include locations in Fukuoka, Hokkaido and Okinawa. Some of the shops had been shut temporarily in response to the coronavirus outbreak.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more