Recently, Laox, Japan's largest chain duty-free shop, announced that it had just closed nearly half of its stores in Japan. In fact, the development of this Japanese duty-free shop chain depends entirely on tourists from China. It is understood that Japanese tourists have also become the main force of Japanese tourism in recent years, and more and more Japanese tourists choose to travel to China. Ah, it also promoted the development of duty-free shops in Japan.
Laox had been losing money before, but the number of tourists increased year by year until China. This Japanese chain duty-free shop has just started to make a profit, and many goods in it have been bought by tourists from China. So Laox has now grown into the largest chain duty-free shop in Japan.
No, the process also lost to Xiao He and Xiao He. It is precisely because the duty-free shop industry relies too much on overseas tourists, so under the influence of the epidemic, the duty-free shop industry has been hit harder. Because Japanese tourists are unwilling to travel to Japan, this Japanese chain duty-free shop also faces losses every day.
Without income. Laox also has to face huge daily rent and employee salary costs. Therefore, Laox can only choose to cut costs, reduce expenses and restore cash flow by closing stores. However, this practice is only temporary and can only play a temporary role in solving the current urgent needs.
At present, the global epidemic situation has not improved, and the whole economic environment is very unstable. For Laox, there are enormous challenges every day. It's not enough to just close the store. Laox needs to find other ways to save himself!