TOKYO -- The Ebisu Mitsukoshi department store in downtown Tokyo will shut its doors as early as February 2021, in yet another blow to a Japanese retail sector already being squeezed by online competitors.
Operator Isetan Mitsukoshi Holdings made the decision Wednesday, with an official announcement planned by the end of March. The company wants to focus its resources instead on its three flagship stores -- especially with the new coronavirus expected to cool consumer spending for a long time.
