TOKYO -- Pan Pacific International Holdings, the company that operates the Don Quijote discount chain, reported on Wednesday a net profit of 66.1 billion yen ($455 million) for the fiscal year ending June, hitting a record profit for the 14 consecutive year thanks to foreign tourist spending.
Retail
Japan's Don Quijote chain cheers record profit, tourists' return
Foreign shoppers help discount retailer hit all-time high for 14th year in row
Pan Pacific International Holdings is eager to increase unit price per customer spending and entice shoppers back into its stores more frequently. (Photo by Makoto Okada)
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