PPI leans on food to sustain its retail winning streak
Pan Pacific International Holdings (PPI), owner of Don Quijote and Uny, reported record interim sales of JPY 1.21 trillion and double‑digit growth in net profit at its latest results announcements. Yet operating profits in the core discount format disappointed, squeezed by higher taxes even as inbound duty‑free sales surged. Management’s answer is experimentation, trialling a…