ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more