TOKYO — Japanese furniture retailer Nitori Holdings will more than double the number of stores in Southeast Asia and India by the end of March as it seeks to fend off a lingering consumer slump in China.
“Decreasing consumption [in China] Masanori Takeda, Nitori's vice president of overseas sales, told Nikkei Asia, expressing concerns about China's slowing economy. [generally] tends to stop buying furniture and consumer durables.