Takashimaya to leave China
Takashimaya of Japan has announced it would close its store in Shanghai on 25 August. The announcement came soon after Carrefour sold an 80% stake of its Chinese business to Suning.com. Takashimaya, founded in 1831, operates 17 stores in Japan, and one each in Singapore, Thailand, and Vietnam. It entered China in 2012 in Shanghai's affluent Gubei area, and has made a loss for seven consecutive years. According to commentators, only some areas of Shanghai are appropriate for luxury retail. These include Nanjing Road West, Huaihai Road East and Lujiazui area in Pudong where Galeries Lafayette is now present.
Related posts
Shein shares plunge 14% to record low after profit slides
Shein shares plunge 14% to record low after profit slides
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
M&S and Sephora enter partnership to bring new beauty destination to the high street
M&S and Sephora enter partnership to bring new beauty destination to the high street
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript