TOKYO -- Earnings season in Japan is highlighting a recent plunge in inbound spending and its impact on drugstore chains, cosmetics makers and department stores previously favored by big-spending Chinese tourists.
Business trends
Japan retailers feel chill with big-spending Chinese gone
Drugstores, cosmetics shops and department stores see sales fall
Matsumotokiyoshi saw essentially flat growth in tax-free sales last quarter after a 34% jump a year earlier. (Photo by Tomoki Mera)
Read Next
Latest on Business trends
