Tokyu Department Store Bangkok to close stores Japanese department stores withdrawal one after another

Tokyu Department Store Bangkok to close stores Japanese department stores withdrawal one after another October 29, 16:34

Tokyu Department Store announced that it will close its store in Bangkok, Thailand at the end of January next year.

Due to the impact of the new coronavirus, the number of foreign tourists visiting stores has dropped sharply, and as a result, Japanese department stores are withdrawing one after another in Bangkok.

Tokyu Department Store announced on the 29th that it will close its MBK Center store in Bangkok at the end of January next year.

The store opened in 1985 and is mainly visited by foreign tourists.

However, in addition to intensifying competition with neighboring commercial facilities, the number of foreign tourists who are strictly restricted from entering the country is drastically decreasing as a countermeasure against the infection of the new coronavirus.

Although Thailand resumed accepting foreign tourists from this month, the target is limited and the company has decided to close the store because it is not expected to recover sales in the future.

Against the backdrop of intensifying competition in Bangkok, the department store "Bangkok Isetan" of Isetan Mitsukoshi Holdings also closed at the end of August, and Japanese department stores are withdrawing one after another.