What: Japan now has 4 prefectures without department stores

Why it is important: local retakl communities realize that they need to reinvent themselves in order to survive and remain attractive without a traditional department store anchor. 

The Yanagase shopping district in Gifu, Japan, historically a bustling commercial hub, faces a decline highlighted by the imminent closure of Takashimaya department store. This trend reflects broader challenges affecting Japan's retail sector, including demographic shifts and competition from suburban shopping malls. Despite these setbacks, local business leaders and shop owners remain optimistic. They are leveraging social media to rejuvenate the area's appeal and attract a younger demographic by emphasizing its historical charm and integrating modern retail offerings. The Yanagase shopping center promotion association views Takashimaya's departure as a catalyst for revitalization. Efforts to adapt include enhancing online presence and revamping traditional businesses to appeal to contemporary tastes, as seen with Iwata Watch & Jewellery, which is updating its offerings and store aesthetics to attract younger customers. The vision for the district emphasizes its unique, relaxed atmosphere as an alternative to more polished, modern shopping centers, aiming to restore Yanagase's reputation by its 150th anniversary in 2039.

Takashimaya’s store closures in Japan impact local communities