Takashimaya

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File:Takashimaya-Kyoto-01.jpg
Kyoto Takashimaya
File:Takashimaya Times Square.jpg
Shinjuku Takashimaya Times Square in Shinjuku, Tokyo
File:Edward VIII with his staff wearing Happi 1922.jpg
Edward VIII, Louis Mountbatten, 1st Earl Mountbatten of Burma and his staff wearing happi coats from Takashimaya during a visit to Kyoto, 1922

Template:Nihongo is a Japanese multinational corporation operating a department store chain selling a wide array of products, ranging from wedding dresses and other apparel to electronics and flatware. It has more than 12 branches in Japan located in 2 regions, and 4 international branches in Asia.

Takashimaya is a member of the Sanwa Group keiretsu.

History

The first Takashimaya store was opened in Kyoto in 1831 as a sole proprietorship owned by Shinshichi Iida, a merchant from present-day Fukui Prefecture.<ref name="archives">Template:Cite web</ref> The original store in Kyoto was only 3.6 square meters in area and specialized in selling gofuku (formal kimono). A second Kyoto store opened in 1893, followed by a Tokyo store in 1897 and an Osaka store in 1898.<ref name="fu">Template:Cite web</ref> Takashimaya was incorporated as a gomei kaisha (unlimited liability company) in 1909 and converted to a kabushiki kaisha (stock company) in 1919.<ref name="archives2">Template:Cite web</ref>

Takashimaya began an export business in 1876, following the Meiji Restoration, and established an in-house trading unit in 1887.<ref name="archives" /> By 1903 Takashimaya had offices in Paris and London and an export office in Yokohama.<ref name="fu" /> The trading unit was spun off as a new stock company, Template:Nihongo, in 1913.<ref name="archives" /> Takashimaya-Iida later merged with the trading company Marubeni.<ref>Template:Cite web</ref>

The chain saw a major expansion in the early 1930s. In 1931 it opened a "10, 20 and 50 sen store" in Osaka, a predecessor of today's 100 yen store. Its flagship store in Namba, Osaka opened in 1932, and a second flagship store in Nihonbashi, Tokyo opened in 1933. The Tokyo and Osaka stores were damaged by the firebombings of Tokyo and Osaka in 1945 but were not destroyed, and served as centers for logistics during the occupation of Japan.<ref name="archives2" /> Due to postwar regulations on the size of new stores, many Takashimaya locations opened from the 1950s onward, including its Yokohama and Yonago stores, were set up as separate companies.<ref name="fu" />

In 1958, Takashimaya opened a store in New York City which eventually occupied 37,000 square feet of floor space at 693 Fifth Avenue. The New York store closed in 2010 as Takashimaya chose to refocus on East and Southeast Asian markets amid struggling sales.<ref>Template:Cite web</ref>

In 1969, Takashimaya opened Japan's first American-style suburban shopping center near Futako-Tamagawa Station, to the southwest of Tokyo.<ref name="fu" />

The Japanese department store industry went through a wave of consolidation during a revenue slump in the 2000s, with Isetan Mitsukoshi Holdings (parent of Mitsukoshi and Isetan) becoming the largest player in the industry, followed by J. Front Retailing (parent of Daimaru Matsuzakaya Department Stores). In 2008, Takashimaya announced plans to merge with H2O Retailing, the parent of the Osaka-based Hanshin Department Store and Hankyu Department Store chains, which would have formed the largest department store operator in Japan. Takashimaya and H2O entered into a cross-shareholding relationship prior to the merger, with each acquiring 10% of the other's stock, but announced the cancellation of their merger in 2010.<ref>Template:Cite news</ref>

In 2019, the company announced it would closing its mainland China store in Shanghai on August 25,<ref>Template:Cite web</ref> but retracted its decision after it gained support from local governments.<ref>Template:Cite web</ref>

Takashimaya was a member of the International Association of Department Stores from 1962 to 1997.

Stores

Directly owned

Kansai
Kanto

Subsidiaries

File:202403 Siam Takashimaya at ICONSIAM.jpg
Siam Takashimaya in Thailand at ICONSIAM

Domestic joint venture

Closed domestic stores

International joint-ventures

File:ไอคอนสยาม Iconsiam of Thailand 1 Copyrights of Trisorn Triboon.jpg
Siam Takashimaya in Thailand at ICONSIAM

Former international stores/joint-ventures

  • Dayeh Takashimaya - Tianmu, Taipei, Taiwan, joint venture between Dayeh Group (Template:Zh) and Takashimaya. Takashimaya reported had sold its 50% stake, thus Dayeh Takashimaya was not mentioned in their corporate website, stating that Takashimaya are no longer affiliated with the joint-venture.<ref>Template:Cite web</ref> Until today, the store is still operating independently using the 'Takashimaya' brand.

Closed international stores

  • New York City Takashimaya - New York City, United States - Opened in 1958, the store eventually occupied 37,000 square feet of space at 693 Fifth Avenue. The store was closed in 2010 and the space was last occupied by a Burberry trench coat pop-up store which closed in May 2023.

See also

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References

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Template:Nikkei 225 Template:Authority control Template:Department stores in the United States

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