Newly-opened Ginza Six aims not to be a department store

podcast Japan Business News with Yuzuha Oka

Newly-opened Ginza Six aims not to be a department store
  • Language: eng
  • Published: 7 May 2017
  • Duration: 05:48

Ginza Six, a new shopping complex opened in Ginza, Tokyo in late April aims not to be a traditional department store.
The facility not only has flagship stores of high-end brands like Dior but also includes Noh Theatre and artworks by Kusama Yayoi.
Japan's retail business is struggling due to the shrinking and aging population. Department store sales in 2016 was below 6 trillion yen for the first time in 36 years.
President of J Front Retailing, which runs Ginza Six, says they need to get out of the traditional department store or it will not fit consumers' lifestyle.

http://www3.nhk.or.jp/news/business_tokushu/2017_0501.html?utm_int=news_contents_tokushu_004
Photo by ITA-ATU