Japan's Isetan Mitsukoshi to reopen main stores on Saturday
Add BT as a preferred source[TOKYO] Japanese department store company Isetan Mitsukoshi Holdings said it will reopen its main stores in the Tokyo area including its Isetan flagship, one of the most fashion-forward department stores in the capital.
The stores, including Mitsukoshi's Nihombashi and Ginza stores, have been closed since April 8.
Isetan Mitsukoshi and other department stores had been hit by a slump in foreign tourists and fears about the coronavirus even before the government's declaration of a state of emergency. The company reported a net loss of 11 billion yen (S$145.1 million) for the year through March.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
US-Iran peace deal: S-Reits, aviation stocks, developers on investors’ radar as potential winners
