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12 февраля 2016, 10:40

Жапонияда ғашықтар күніне құны 120 000 доллар тұратын торт дайындалды

Ғашықтар күні қарсаңында Takashimaya (Осака, Жапония)  кондитерлік дүкенінде құны 14,1 млн йен болатын шоколадты торт пайда болды. Фото: kedem.ru Бұл шамамен 120 000 доллар, деп хабарлады Kedem-ге сілтеме жасап Қазақпарат. Торт шоколадтан жасалған пішіндермен безендірілді, алайда оның қымбат болуына 125 нағыз гауһар тастың болуы әсер етті. Жапонияда ғашықтар күнінде нәзік жандылар сүйіктілеріне шоколад, ал ерлер бұдан қымбаттырақ, маңыздырақ сыйлық береді. Жасаушылардың сөзіне қарағанда, шоколадты торт екі жағдайға да сай келеді.

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23 января 2016, 00:16

Arts & Culture › New Pokemon Center to open in Kyoto with exclusive goods

In Kyoto, Pikachu wears a kimono with a Ho-Oh design and a Vivillion-adorned hair accessory. Kyoto will finally get its very own Pokemon Center, set to open on March 16 on the fifth floor of the city’s Takashimaya department store. The new shop will sell over 2,500 different kinds of…

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04 января 2016, 00:20

Events › Tokyo Traditional Crafts Fair

The 59th Tokyo Traditional Crafts Fair will be held at Takashimaya department store in Shinjuku from Jan 13-18. There will be exhibitions of craftsmanship at select corners and handicraft classes where you can experience traditional techniques yourself. The event is sponsored by the Tokyo Metropolitan Government and admission is free.…

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22 октября 2014, 09:25

Picture of the Day › Musical memories

Emperor Akihito and Empress Michiko look at the musical instruments they played in their younger days, displayed at an exhibition of the "Life of Emperor and Empress" at Takashimaya Department Store in Tokyo, on Wednesday.

11 апреля 2014, 22:43

Head Of Asia's Largest Clothing Retailer: "I Don’t Have An Optimistic View About Consumption In Japan"

Previously we observed that when it comes to discretionary spending, if not so much staples, Japan's sales tax hike has been an absolute disaster, sending sales at some department stores such as Takashimaya plunging by 25% in the week since the April 1st roll out  of the tax many think could unleash Japan's next recession. Today we get some more on the ground perspective on the abysmal (second) reign of Abe, where the stock market may be approaching bear market territory (after everyone was convinced the Nikkei was set to soar in 2014), but it is really the economy which is about to get it, most likely resulting in Abe's second premature evacuation stage left (with the now traditional Imodium scapegoat) well before the work of Abenomics is completed, in the process sending the USDJPY once again back into double digit territory. As Bloomberg reported overnight, Fast Retailing, Asia's largest clothing retailer was crushed in Friday trading, dropping 8% after it cut its profit forecast, citing higher costs and weak demand. The company’s billionaire President Tadashi Yanai pared the profit outlook after spending more on salaries and expanding overseas, opening Uniqlo stores in New York, Paris, Shanghai and Jakarta to boost sales as a consumption tax increase begun April 1 in Japan damps demand. Costs for part-time workers, distribution and warehousing rose in the first half.   Fast Retailing’s net income dropped 15 percent to 23 billion yen in the second quarter ended February, as calculated from first-half earnings the company reported yesterday. Sales climbed 26 percent to 375.3 billion yen in the three-month period, while operating profit fell to 39.2 billion yen from 40 billion yen a year earlier, the company said.   The company’s operating margin slumped 23 percent from a year earlier to 10 percent in the second quarter, according to data compiled by Bloomberg. The margin was 17 percent in the second quarter of 2012, the data show. Operating income at the domestic Uniqlo business will probably be 100 billion yen this year, the company said yesterday, 13 percent less than previously forecast. The reason for the margin collapse - Abe's much vaunted wages increase (which as we showed previously prevalently amounts to about Y1000 per month, or enough to buy 4 BigMacs). Sales are expected to slow in the fiscal second half, while costs for labor, transportation and warehouses will increase, Chief Financial Officer Takeshi Okazaki said yesterday, without elaborating.   The retailer said last month it plans to change 16,000 part-timers’ contracts at Uniqlo in Japan to full time to maintain a stable workforce.    “The rising labor cost concerns me a little,” said Takashi Aoki, a Tokyo-based fund manager at Mizuho Asset Management Co. Surely Fast at least benefited from surge spending ahead of the April 1 tax hike? Nope. A last-minute surge in sales before the tax increase failed to materialize, the company said yesterday. So an 8% correction should at least make the stock cheap? Wrong again. Fast Retailing’s price fell to about 37 times estimated earnings per share, still the highest multiple among the 10 largest global apparel retailers, according to data compiled by Bloomberg. ... “The multiple is just too high” for Fast Retailing, Dairo Murata, an analyst at JPMorgan Securities Japan Co. said by phone today. He rates the shares neutral, the equivalent of hold. What about the broader economy: A gauge of economic expectations of people such as taxi drivers and restaurant workers tumbled to 34.7 in March from 40 a month earlier, according to the Economy Watchers survey released April 8 by the Cabinet Office in Tokyo. The bottom line: “I don’t have an optimistic view about consumption in Japan,” Yanai told reporters yesterday in Tokyo. He said he had yet to see an effect on sales from the tax increase. He will quite soon, and he won't be happy with what he sees. And as Bloomberg conveniently points out what we started with, "The last time Japan increased the consumption levy, in 1997, the economy fell into recession." This time won't be different. Bottom line: non-core prices soaring courtesy of Japan's QE crushing discretionary purchases even as stocks - that much vaunted "wealth effect" transmission mechanism about to enter a bear market, slammed corporate margins meaning CEOs are about to once again lower salaries after having followed Abe's misguided directive to boost wages, and an economy that is about to recontract and resume its recessionary status quo, even as the BOJ is set to hold Japan's entire GDP on its balance sheet in as little as two years. All of the above leads us to conclude that someone simply mistook a p for a b in Abenomics.    

09 апреля 2014, 16:28

The Japanese Sales Tax Hike Verdict Is In: It's A Disaster As Sales Plunge 25%

On April 1, as was widely known, Japan raised its sales tax from 5% to 8% - a move many dread could unleash a recession as happened the last time Japan hiked a consumption tax in 1997. A week later the verdict on just how much consumption was frontloaded ahead of the hike is in, as we get the first sales data on the ground. The result is, in short, a disaster: overnight the Nikkei reported that Japanese department store Takashimaya’s revenue in April 1-7 period crashed 25%!  We for one can't wait to see what Japan's Q2 GDP will be now that consumption has literally fallen off a cliff. The Nikkei reports: Retailers watched Japanese shoppers rush to stock up on all sorts of consumer goods ahead of the April 1 sales tax rise, and are now bracing for a corresponding dip in demand. But Takashimaya says it carefully assessed the tax hike's likely impact and is moving to slash costs by around 10 billion yen to ensure profit growth for the year through February 2015.   [T]he company is tempering its outlook for the near future. "Insofar as big-ticket products were in high demand before the tax rise, it's possible their sales will fall more than presumed," President Shigeru Kimoto said at a news conference Tuesday.    Indeed, demand has recoiled since the start of this month, with department store sales tumbling 25% on the year during the first week of April.   Takashimaya estimates that the combined impact of the drop-off in demand and the tax increase itself will lower fiscal 2014 operating revenue -- equivalent to sales -- by about 20 billion yen and operating profit by about 5 billion yen. As the steady performance of such segments as the Singapore unit and a subsidiary that operates shopping centers will be insufficient to offset this, operating revenue is expected to decline slightly to 900 billion yen. Luckily, Takashimaya has a plan to deal with this plunge in revenues: Takashimaya aims to weather these headwinds with sizeable cost cuts, targeting rents as one area for savings. Since the start of the year, the company has spent nearly 120 billion yen to acquire properties that house a number of its department stores. The move is expected to save just over 3 billion yen in rent annually.   The corporation will cut back on other costs, including personnel expenditures and advertising fees as well, aiming to save about 7.3 billion yen at its department stores and around 2 billion yen for its group companies. In other words, the company is about to unleash a "rationalization" campaign, better known as wholesale firings. But, but, what happened to those wage hikes that Abe swore up and down were coming and are so critical for the absent third arrow of Abenomics to finally emerge. Or maybe instead of wages surging, they meant unemployment? Happens - it was lost in translation. Finally, according to Nikkei, other retailers were also impacted with Parco April 1-7 same-store sales dropped 7%, Daiei sales fell 8-9%, FamilyMart -5%. That's ok - they too have "cost-cutting" programs in place. As for what happens to the Japanese economy, and stock market, next, here is a reminder from our article from last week: "What Happened The Last Time Japan Raised Its Consumption Tax?"     

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06 ноября 2013, 10:40

National › Food mislabeling scandal spreads to department stores

Japan's hotels, restaurants and food shops were being warned Wednesday over dishonest labeling amid a growing scandal that is threatening to undermine the country's reputation for safe, high-quality produce. The direction comes as top department stores Takashimaya and Daimaru became the latest Japanese firms to admit they had been selling…

05 марта 2013, 04:39

Japanese stocks are higher in early trading, with the Nikkei Average up 0.8% at 11,749. Retailers and financials were some of the strongest performers: Fast Retailing ([[FRCOY.PK]] + 3.5%) after reporting a 9.6% jump in sales at its Uniqlo casual clothing chain in February, and Takashimaya ([[TKSHY.PK]] +3.2%), Nomura ([[NMR]] +1.7%).

Japanese stocks are higher in early trading, with the Nikkei Average up 0.8% at 11,749. Retailers and financials were some of the strongest performers: Fast Retailing (FRCOY.PK + 3.5%) after reporting a 9.6% jump in sales at its Uniqlo casual clothing chain in February, and Takashimaya (TKSHY.PK +3.2%), Nomura (NMR +1.7%). Post your comment!

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18 октября 2012, 03:42

Business › Department stores kick off year-end gift-giving campaigns

Department stores on Wednesday kicked off their "oseibo" year-end gift-giving campaigns across the country. Takashimaya and Mitsukoshi in Tokyo's Nihombashi were the first to kick off their campaigns, offering more than 50 gift items, including food delicacies. "Green gifts" that focus on food safety are being heavily promoted again this…