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department-store

Companies 2 years ago

Japan sees rare strike as workers at landmark department store protest sale

Some 900 workers at the flagship Seibu store in the bustling district of Ikebukuro are protesting the planned sale of their company Sogo & Seibu, a unit of retail giant Seven & i, to US fund Fortress Investment Group.

Companies 2 years ago

PREMIUM
Matahari’s profit drops 30% amid operating cost hike

Publicly listed department store chain Matahari saw its net profit in the first quarter slide 30 percent year-on-year (yoy) to Rp 101 billion, amid a rise in operating costs.

Business 5 years ago

Death knell sounds for some of Japan's oldest department stores

After more than three centuries in business, the Onuma department store in northern Japanese city of Yamagata began bankruptcy proceedings this year - one of many distinguished department stores across the country in dire straits.

Lifestyle 5 years ago

Luxury British department store Harrods to cut nearly 700 jobs

Luxury British department store Harrods said it plans to cut up to 672 jobs because of the coronavirus crisis, which kept its flagship branch in central London closed for nearly three months.

Business 6 years ago

Education, food outlets rule Jakarta malls as department stores give way

Education institutions, food and beverage outlets and fast fashion retailers are gradually replacing department stores at Jakarta shopping malls.

Lifestyle 6 years ago

Jakarta to have four new shopping malls

Property consulting company Colliers International stated that four new malls are set to open in the capital city.

Lifestyle 6 years ago

Boost for Paris's Champs Elysees as Galeries Lafayette opens 'concept' store

High-end French department store Galeries Lafayette will open a new outlet on Paris's Champs Elysees this week, aiming to lure big-spending tourists and trendy Parisians back to the tree-lined avenue that was once a byword for style.

Lifestyle 7 years ago

Saks Fifth Avenue nears completion of $250 million renovation

Saks Fifth Avenue will debut the new main floor of its flagship New York City store this week, marking a major milestone in its $250 million renovation project.

Lifestyle 7 years ago

Indonesian hammock, backpack available at Paris' Galeries Lafayette

Galeries Lafayette in Paris now offers products of Indonesian brand Ticket to the Moon.

Lifestyle 8 years ago

Lotus, Debenhams in Indonesia to close down by year's end

Lotus Department Store and Debenhams in Indonesia are set to close down by year's end, as announced by overseeing lifestyle retail giant PT Mitra Adiperkasa (MAP).

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