Department store shakeout claims another casualty in Japan

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Mitsukoshi's Chiba store has been a money loser for years now.

KENICHIRO TOYODA, Nikkei staff writer

TOKYO -- Isetan Mitsukoshi Holdings on Wednesday announced plans to close down its Mitsukoshi department store in Chiba, near Tokyo, in March.

It is the latest in a string of similar announcements as Japan's department store industry consolidates to adapt to shrinking consumer appetite and dissipating earnings.

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