By  on April 12, 2010

TOKYO ­— Japanese department store operator Takashimaya Co. posted a net profit of 7.7 billion yen, or $82.6 million at average exchange, for the year ended Feb. 28, down 34.4 percent from last year.

The retailer blamed the drop on continued weak consumer spending, brought on by a combination of consumer anxiety regarding the current global economic situation and Japan’s aging society. It also cited the continued low performance of the department store industry in general in Japan.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus