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The bustling streets of Tokyo are set to welcome a new gem in the retail scene as luxury department store Takashimaya prepares to unveil its latest flagship store in early 2024. This ambitious project, situated in the heart of Shinjuku, promises to redefine…
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 and falling sales. The company was forced to effectively close 22 stores in Japan…
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…
Japanese department-store operator Takashimaya is banking on its Vietnam and Thailand flagships to drive growth this year as it seeks to achieve profitability in its Southeast Asian business. To date, Singapore has been the sole profitable store outside…
Takashimaya in China has reversed its decision to shut down its Shanghai store after negotiating a rent reduction. “Due to support from the landlord and Shanghai Changning District, we can expect improvement in profitability of the business,” read a statement…
Burberry Bespoke has launched its first standalone counter at Takashimaya. Located on Level 1 of the shopping mall, the counter is designed in the style of ‘an English bar set in a gentleman’s club’, with green-colored marble top and brass fixtures. There is…
Japanese department-store operator Takashimaya is to close its Shanghai department store after years of losses, and exit China. The company said it would recommend to shareholders at a special meeting on August 25 that its Shanghai Takashimaya Co subsidiary…
Three Southeast Asian countries are on Japanese department store operator’s radar. Takashimaya says it is evaluating opportunities to open department stores in the Philippines, Malaysia and Indonesia. However, in an interview, Takashimaya’s president Yoshio…
Japanese department store operator Takashimaya has opened inside a brand new shopping mall in Thailand, opting for the capital city of Bangkok to bring the Japanese way of luxury retailing to the nation. Scaling seven floors, the newly named and opened Siam…
Six years in design and construction, Bangkok’s US$1.6 billion IconSiam development will finally be officially launched tonight before opening its doors to the public tomorrow morning. With 500 stores, more than 100 restaurants and 14 cinema screens, a luxury…
With Southeast Asia becoming the center stage for South Korean businesses in expanding their global presence, retail conglomerates like Lotte, Shinsegae and CJ have been successfully tapping into the markets. Lotte Group has focused its investments on its…
Major Japanese department stores Takashimaya and Isetan are opening new developments in Tokyo. Both newly-refurbished stores will launch in Tokyo’s Nihonbashi district to attract a wider customer base. The move occurs against a backdrop of declining…
Bangkok’s massive IconSiam development will open on November 9, its developers have confirmed. The US$1.67 billion complex being constructed on a 400-metre-long stretch of the Chao Phraya River will feature 14 flagship stores of internationally renowned…
The long-awaited Takashimaya Bangkok department store will open in November. The Japanese retailer’s seven-story shop will be a key anchor of the IconSiam shopping centre under construction on the banks of the Chao Phraya River. IconSiam says the store will…
Just one of Japanese department store chain Takashimaya’s three overseas stores is currently trading at a profit. But the company says it believes it can make them all profitable by 2023, including a fourth store set to open in Bangkok late this year. The…
Luxury beauty brand Hera under South Korea’s largest cosmetics conglomerate Amorepacific Group has opened its first store in Singapore that is expected to serve as the Korean beauty brand’s gateway to neighboring countries in Southeast Asia. According to…
