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Japan's largest retailer

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d the National and Panasonic brands, had 27,000 shops, which sold over 70% of the company's domestic output. Last year the total slipped to 60%. To keep prices low and volumes high, discounters are squeezing margins. Daiei, Japan's largest retailer, uses an average markup of 24% for its department store goods and only 16% at its discount operations. This produces a profit margin of just 2% for the discount operation, vs. 3% for the traditional stores. The cut-price stores were awash with Asian products last year. Japan's imports from the newly industrialized countries have tripled to nearly $9 shoes feature Microplast "massage beads" that trigger pleasurable physical responses throughout the body by placing pressure on specific reflexology Reflexology Definition