But now come the Japanese retailers with plans to gang up against newcomers.
Now, Japanese retailers are starting to buy directly from manufacturers.
This was a Japanese retailer, distributor, or both, that started in 1949.
The initiative involves 27,000 Japanese retailers to introduce an autogas vehicle into their fleet every three years.
For a Japanese retailer, daring to be different is unusual.
As a result, Japanese retailers have learned to live with much slimmer profit margins than their American counterparts.
Takashimaya is not the only Japanese retailer interested in making a run at the New York market.
That had great appeal to Tobu and other Japanese retailers.
Isetan, which is the sixth-largest Japanese retailer, is the most profitable in that country.
The Japanese retailers he approached said the $1 billion-plus asking price was too high for a company whose business seemed lackluster to them.