Major supermarket chain Ito-Yokado has announced that it has decided or is considering closing six stores in the Tokyo metropolitan area as part of its structural reforms.
Ito-Yokado has continued to perform poorly, with its financial results for the year ending February last year posting a final deficit for three consecutive years, and is proceeding with structural reforms, including a significant reduction in the number of stores, and has already withdrawn from Hokkaido and Tohoku. We are solidifying our policy.
Against this backdrop, the company has announced that it has decided or is considering closing six stores in the Tokyo metropolitan area by the end of the year.
Specifically,
we have decided to close
the Haijima store in Akishima City, Tokyo at the end of next month,
and the Shokuhinkan Kawagoe store in Kawagoe City, Saitama Prefecture at the end of July .
In addition,
around August
▽Shokuhinkan Shin Misato store in Misato City, Saitama Prefecture and
▽“Tsunashima store” in Yokohama City.
Around September ▽
“Tsudanuma store” in Narashino City, Chiba Prefecture.
Around October
▽Kashiwa City, Chiba Prefecture.
The company is considering closing four of
its Kashiwa stores.
The company has a policy of concentrating its business mainly in the Tokyo metropolitan area, but the company says it has carefully examined its store network in the metropolitan area as well, taking into consideration profitability and growth potential, and will continue to reduce the number of stores nationwide in order to improve business performance. It means going.