ASIA: Ageing population will impact the structure of Japanese retailing.
The Nomura Research Institute recently reported that the Japanese retail industry was approaching its fifth significant 'turning point' since the Meiji restoration. This will be instigated, inter alia, by demographic factors ( ageing population, declining birthrate), polarising incomes and planning reform. It was found that the 'seniors' market is less inclined to travel to shop for specialist and luxury items and is more attracted to the concepts of leisure pursuits and safety. The neighbourhood shopping centre was identified as a key beneficiary.
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