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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.

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