Takashimaya Archives - Inside Retail Asia
Takashimaya, the Japanese department store operator, has reported a loss of US$190 million in the May quarter as it faced extraordinary payments related to the Covid-19 pandemic.
Sales by Japanese department stores slumped by between 20 and 30 per cent year on year in June, but that was a lesser rate than in May.
Japanese department store sales plunged 60 per cent last month as the Covid-19 crisis saw retailers close or operate under reduced hours across the country. Sales in the Matsuzakaya and Daimaru department stores were down 73.2 per cent year on year, although that was an improvement on the 79.1-per-cent decline a month earlier. Rival operator Takashimaya says its sales were down…
Japanese department store Takashimaya is to sell financial products and services in partnership with an online securities company, SBI Securities.
Retail sales in Vietnam’s commercial capital Ho Chi Minh City were estimated at US$4.8 billion last month, up by 11.2 per cent year on year.
Frozen-themed cafes are popping up in Japan, marking the release of the Disney animated film Frozen 2.
Japanese department-store operator Takashimaya is banking on its Vietnam and Thailand expansion to drive growth this year as it seeks to achieve profitability in its Southeast Asian business.
Popular Japanese ramen chain Ichiran will open a pop-up at Takashimaya Singapore’s Japan Food Matsuri event.
Takashimaya in China has reversed its decision to shut down its Shanghai store after negotiating a rent reduction.
Gucci Makeup by Alessandro Michele is set to launch in Singapore next month.
Burberry Bespoke has launched its first standalone counter at Takashimaya.
Watsons Singapore has launched a premium store concept at Takashimaya.