Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Companies Takashimaya to close Shanghai store, pulling out of China Japanese retailer shifts to Southeast Asia amid trade war and online onslaught Even after the impending close of its money-losing Shanghai store, Takashimaya will continue its overseas push.
Nikkei staff writers June 25, 2019 16:19 JST Updated on June 25, 2019 20:38 JST | Japan
TOKYO -- Japanese department store chain
Takashimaya will close its flagship store in Shanghai in August and halt its operations in China, Nikkei has learned.
The store has been losing money and the Osaka-based company decided it would be difficult to turn the business around as private consumption has slowed in China amid the trade war with the U.S.
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