Ito Yokado shopping malls will be reduced and apparel business stopped.

By on March 9, 2023

There has been an air of inevitability for some time hanging over Ito Yokado, the family-friendly shopping mall which announced yesterday the closure of its thirty three non-performing stores nationwide.

The struggling retail store’s apparel business popular with families on a budget will also be terminated as it faces fierce competition with other clothing retailers and online vendors. Ito Yokado will continue however to carry clothing brands from other apparel makers.

Seven & i Holdings Co. that owns and operates these stores seeks to mitigate the losses by using a new business strategy and trying to bolster its convenience store and food operations.

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The planned closures leave the group with just 93 Ito Yokado stores, located in the Tokyo metropolitan area.

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