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

Takashimaya's mission: turn around Asian stores in 4 years

Retailer to expand e-commerce and review product lineup in Shanghai and Bangkok

Takashimaya's outlet in Shanghai made a U-turn decision in August to cancel its planned closure.

TOKYO -- Japanese department store operator Takashimaya is looking to more than double the profit from its overseas businesses in four years, by fine-tuning product ranges and ramping up channels such as e-commerce in stores located in Asia, president Yoshio Murata told Nikkei in an interview.

The overseas market is one of the growth pillars for Takashimaya as its homeland faces a shrinking population and pressure from other retail outlets. It hopes to boost its annual operating profit outside of Japan to 11 billion yen ($1.55 billion) in the fiscal year ending February 2024, from 3.9 billion yen last fiscal year.

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