The Supremacy of Japan’s 100-Yen Shops is Starting to Crumble
- Industry faces shrinkflation, store closures, slimmer profits
- Japan consumers see price rises for the first time in decades
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The supremacy of Japan’s 100-yen shops, long a symbol of an economy stuck with flat to falling prices for almost three decades, is beginning to crumble.
A weaker yen pushing up the cost of imported goods, spiking energy prices and climbing raw material costs are making it harder for Daiso Industries Co., Seria Co. and other 100-yen store operators to operate in an inflationary environment.