Department store chains in Japan such as Izutsuya are closing branches, especially in regional cities, amid the pandemic. Photo: Kyodo News via Getty Images
Japan’s oldest department stores on life support amid coronavirus and a failure to adapt to changing shopping habits
- Plunging sales have seen department store chains close branches as consumers remain wary of shopping and with tourism decimated
- Policymakers fear store failures may sow the seeds of crisis in regional economies
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Asia travel
Department store chains in Japan such as Izutsuya are closing branches, especially in regional cities, amid the pandemic. Photo: Kyodo News via Getty Images