Seven & I to shut emporium pair

JIJI

Seven & I Holdings Co. plans to shut two department stores early next year amid fierce competition from shopping malls, officials said Wednesday.

A Seibu department store in Numazu, Shizuoka Prefecture, and a Sogo store in Kure, Hiroshima Prefecture, have been selected for closure, the officials said.

Seven & I will offer the targeted stores’ employees positions at other group outlets, according to the officials.

Seven & I hopes to improve profitability by concentrating on department stores in downtown Tokyo, including its main Seibu Ikebukuro outlet in Toshima Ward, they added.

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