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Takashimaya to make all overseas locations profitable in 5 years

New Bangkok store to join Singapore, Shanghai and Ho Chi Minh City

Takashimaya's store in Shanghai has lost money for seven straight years.

TOKYO -- Takashimaya aims to turn profits at all overseas department stores by the year ending February 2023, including a Thai location slated to open in the fall, seeking to capitalize on Asian growth.

The Japanese retailer operates foreign department stores in Singapore, Shanghai and Ho Chi Minh City, with only the Singaporean location a moneymaker.

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