Takashimaya is to sell financial products and services in partnership with an online securities company, SBI Securities.
According to Nikkei Asian Review, the department store is targeting its wealthy but aging shoppers.
Takashimaya plans to sell a wide range of financial products out of more than 2700 SBI offerings, which include investment trusts, foreign stocks, futures and options trading, FX, and domestic and foreign bonds.
Takashimaya will also offer its customers in-store consultations to help consumers decide on their investments. The department store will play as an intermediary services provider with the customer accounts will be managed by SBI.
SBI Securities is one of Japan’s largest online securities companies, providing a selection of financial products in nine markets including the US, Hong Kong, South Korea and Singapore.