Three of Japan's top four department stores saw sales grow in August
Three of the nation's four major department store chains posted year-on-year growth in same-store sales in August, backed by brisk demand for such summer products as sandals and parasols following the end of the rainy season. The growth was also supported by a last-minute surge ...
Tough online competition forces Isetan Mitsukoshi to shutter one of its Singapore outlets
Leading department store operator Isetan Mitsukoshi Holdings Ltd. will shut one of its five outlets in Singapore due to tough competition from online retailers. Its local subsidiary, Isetan (Singapore) Ltd., said Monday it will not renew its lease with JB Trustee Pte., landlord of the ...
Isetan Mitsukoshi fell into red in FY 2017 for first loss in 8 years
Isetan Mitsukoshi Holdings Ltd. said Wednesday it expects to book a group net loss of ¥1 billion ($9.16 million) in fiscal 2017, which ended last month, marking the company's first red ink in eight years. The nation's largest department store operator said in a statement ...
