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(From Asia Pulse)
Byline: creating additional sales space, Mitsukoshi aims to
TOKYO, Oct 8 Asia Pulse - Major department store operator Mitsukoshi Ltd. (TSE:2779) on Monday will open an annex to its flagship store in Nihonbashi, Tokyo. The company is targeting 21 billion yen (US$189 million) in sales at the annex for the first year.
increase patronage at the flagship store, which posts almost 300 billion yen in annual sales.
Mitsukoshi invested 16.5 billion yen on the annex, which encompasses 10 stories above ground and two below and boasts 15,000 sq. meters of retail space. With the new annex, the main …