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.
