Japan's Takashimaya to open Shanghai store in 2012

Newswire

TOKYO, Feb 24 (Reuters) - Takashimaya Co Ltd , Japan's third-largest department store operator, said it planned to open its first store in China in 2012 to help it grow outside its shrinking home market. The company said it would open an eight-floor store in Shanghai, which has a sizable wealthy population and an expat community that it hopes to attract. Japanese department stores have been scrapping plans for new branches at home and closing outlets and merging to survive in a market ...

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