7 Laox stores closed No recovery in inbound demand expected

Laox, which operates duty-free shops mainly for foreign tourists, announced that it will close 7 of its 13 stores nationwide.

It is said that this is because inbound demand cannot be expected to recover due to the influence of the new coronavirus.

Of the 13 stores nationwide, Laox will close 7 stores, including 3 in Tokyo and 4 in Kansai.

The company has not disclosed which stores will be closed or when they will be closed.

The reason for the closure is that the spread of the new coronavirus infection has continued to restrict entry from many countries to Japan, and inbound demand is not expected to recover and there is no prospect of the infection converging.

The company posted an extraordinary loss of 700 million yen due to the closure of the store.

Laox has opened duty-free shops all over the country to capture the demand of foreign tourists and expand its business performance, but due to the influence of the new Corona, it announced that half of the 24 shops will be closed in July last year. Was there.

With this announcement, the number of stores remaining will be significantly reduced to six.

The company plans to open new stores in Osaka and Kyoto that handle Asian products such as Korean cosmetics and miscellaneous goods, which are popular among younger generations, and shift to a strategy of attracting domestic customers.