Japanese retail giant Seven & i Holdings says it will close a quarter of its main supermarket and general merchandise outlets. The company is planning to focus on its Seven-Eleven convenience stores.
Seven & i is shuttering 33 of 126 Ito-Yokado locations in Japan by February 2026. The poor performing stores are mostly in regional cities. Seven & i says it will seek to grow in the Tokyo metropolitan area.
Ito-Yokado has seen its clothing sales struggle as more people opt for specialty retailers or online sellers.
Seven & i said it will completely withdraw from operating an apparel business and focus on food sales.
Seven & i is shuttering 33 of 126 Ito-Yokado locations in Japan by February 2026. The poor performing stores are mostly in regional cities. Seven & i says it will seek to grow in the Tokyo metropolitan area.
Ito-Yokado has seen its clothing sales struggle as more people opt for specialty retailers or online sellers.
Seven & i said it will completely withdraw from operating an apparel business and focus on food sales.
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Summary
Japanese retail conglomerate Seven & i Holdings plans to close a fourth of its supermarket and general merchandise outlets, particularly Ito-Yokado locations in regional cities. This decision aims to bolster focus on their successful Seven-Eleven convenience stores. The closing is due by February
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ID: cf150093-a9a2-4a37-9d34-4475ed8f531e
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230309_35/
Date: March 9, 2023
Created: 2023/03/10 07:28
Updated: 2025/12/09 06:28
Last Read: 2023/03/10 07:34