CHONGQING -- Japanese retailer Ito-Yokado is reshaping operations in China as it grapples with sluggish consumer spending and greater competition from online rivals, Nikkei has learned.
Ito-Yokado, a unit of 7-Eleven operator Seven & i Holdings, looks to close a mall in the southwestern city of Chengdu around the first quarter of 2025, a source familiar with the matter said. Some tenants apparently have been notified already.
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