JAPAN: Matsuzakaya Co To Close Yokkaichi Store
The slump in retail sales has taken its toll on Japanese department store operator Matsuzakaya Co, which announced yesterday that it would be closing its loss making store in Yokkaichi, Mie Prefecture, western Japan. The closure of the store is planned for May 31, 2001 after officials at the Matsuzakaya Co announced that they could not see the stores sales rebounding from the drop in consumption and rise in competition.
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