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Bangkok's Tokyu store to close in latest exit by Japanese retailer

Pandemic deals knockout blow to location that survived Asian financial crisis

The Tokyu store in Bangkok had been popular among locals and tourists. (Photo by Hiroshi Murayama) 

BANGKOK -- Japan's Tokyu Department Store plans to close its Bangkok location after a string of difficulties, Nikkei learned Tuesday, with a lack of tourist traffic the last straw.

The store at the MBK Center shopping mall will shut its doors forever in late January. Following the 2019 closing of another Thai location, this essentially means that the retailer is leaving the country.

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