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Now we have to focus on retail. In Europe, major department stores are almost 20 years into a decline of sales. Since sales of department stores in Europe declined more gently than in Japan, they had chances to reorganize themselves. Now their structures are more of a shopping center than a traditional department store and their most profit comes from rent fees.

Are they good?
Thanks.
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Now we have to focus on retail.

In Europe, major department stores are almost 20 years into a decline in sales. Since European department store sales declined more gradually than in Japan, they had an opportunity to reorganize themselves. Now they are structured more like shopping centers than traditional department stores, and their profits are derived primarily from rental fees.
Comments  
Amazing!

Thanks, Mr M.