LONDON – The Mitsukoshi department store in central London closed its doors Saturday after 34 years in business because the building that houses it is being redeveloped.
The retailer, under the wing of Isetan Mitsukoshi Holdings Ltd., is looking to open a new store in the city and is conducting research.
After seeing off customers in the evening, Hiroshi Watanabe, manager of the store, made a farewell address.
The store opened in the busy Piccadilly Circus in 1979. Offering products of well-known brands, including Harrods and Burberry, the store was popular with a broad range of consumers.
It drew about 300,000 customers per year and was profitable for the past five years.
“I am happy about customer expectations more than feeling sad about seeing an end to its 34-year history,” Watanabe said.