Ebisu Mitsukoshi Store to be closed in February next year 14:30 on March 30 due to intensified competition with nearby commercial facilities
"Mitsukoshi Ebisu Store" in Shibuya-ku, Tokyo will be closed at the end of February next year. According to the company, the opening of commercial facilities in the surrounding area has led to intensifying competition.
The Mitsukoshi Ebisu Store opened in 1994 as a central store of the large complex Ebisu Garden Place in Shibuya-ku, Tokyo, and has been selling food and cosmetics to the local residents.
However, the development of the station building at JR Ebisu Station, the opening of large-scale commercial facilities in Shibuya, Roppongi and other areas, and the competition with online shopping have made it unprofitable for about 10 years. That is. We have renovated food departments and other facilities for leverage, but this has not led to improved profits, and we decided to close the store at the end of February next year.
Approximately 60 employees will respond by relocating to nearby stores. About utilization of facility after store closure, it means that it is not decided at this time.
Isetan Mitsukoshi Holdings closed three stores in Tokyo's Fuchu, Kanagawa, Sagamihara and Niigata, where profitability had deteriorated since last year, while investing heavily in major stores in Shinjuku, Ginza and Nihonbashi. We are.