16-May-19, Retail In Asia
Japanese department store operator Takashimaya is looking to expand its overseas operations, with a particular focus on Southeast Asia. The retail chain’s president President Yoshio Murata said that the smaller Asian segment offers potential growth opportunities for the Nippon firm.
Image: Takashimaya
Murata elaborated on the idea, saying he wants to leverage off the retailer’s four locations already operating abroad. The international stores referred to are situated in Singapore, Ho Chi Minh City, Bangkok and Shanghai.
"Raising the profitability of the four stores is the first step," said Murata.