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Isetan Mitsukoshi is to close its 26-year-old Ebisu department store next year after failing to turn around mounting losses. The downtown Tokyo store will close in March or April and the company will redeploy all of its staff to other stores. The closure is…
Japanese department store chain Isetan Mitsukoshi Holdings has appointed a new CEO as retailers battle to recover from a sharp fall in shopping spend by tourists. In a filing with the Tokyo Stock Exchange, Isetan Mitsukoshi says senior managing executive…
As part of its aim to have digital strategy as the core of its business, Japanese department store company Isetan Mitsukoshi Holdings is preparing to launch an online store. It has started tests leading up to its launch this month of its first online store on…
A Japanese department store operator has set its eyes on the Philippines to build commercial-residential facilities by 2022. Isetan Philippines will work with Nomura Real Estate Holdings to build properties in Manila. The project is projected to reach…
Isetan Mitsukoshi has adopted a new branding positioning – and promises a new in-store concept which will make its debut in Malaysia. In a message to shareholders, CEO Hiroshi Ohnishi says the company has adopted a new corporate message for 2015 ‘This is…
