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Tokyu announce closure in Thailand; latest Japanese store to end operations in Thailand after 35 years


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Just now, Pottinger said:

Nothing particularly unique here, department stores are increasingly an anachronism in modern retail worldwide. A cursory glance, even in a first-tier Chinese city, would confirm that the model has had its day. I would not expect any of the major Chinese operators to try it in Thailand, they are already bleeding cash in their domestic enterprises. The trend now is far more towards shopping malls with individual and chain shops, with the risk spread.

 

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Part of the reason why they are closing is due to Covid. Isetan announced they will not be renewing their lease at Central World too. But, Japanese investments in Thailand are way down, and many compa

How long before we will see a Chinese department store open up?

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The problem with tokyu is that it has a lot of foot traffic from BTS but people are going to the other shops to buy stuff at cheaper prices.  

 

This is going to be a very big problem for MBK as it is a large area to fill in and they do not have the kiosks that can fill it.

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4 hours ago, NCC1701A said:

i am thinking about going to this store today. 

maybe buy some Geisha girl outfits at 50% off. 

Hope they have them in your size mate.

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5 hours ago, NCC1701A said:

i'm tracking in my underground bunker.

loop_radarcomposite.gif

Hah.  My bit of seaweed in the window says this is rubbish. It's genuine seaweed from Patpong as well.

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7 hours ago, steven100 said:

sadly,  another casualty due to global economic downturn ....  we have seen this happen worldwide even before COVID came along. Less and less people want to venture out into the shops anymore .... they prefer to buy online and have everything from furniture, household goods to groceries delivered to their door.  Times have changed,  people don't want to see people anymore, or talk to people anymore as there are too many nutcases running around these days.   imo

There is a few nutcases posting on TVF...not that I am implying anything by that just pointing out nutcases are everywhere. 🙂

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9 minutes ago, Grumpy John said:

There is a few nutcases posting on TVF...not that I am implying anything by that just pointing out nutcases are everywhere. 🙂

They are everywhere Grumpy John,  but years ago. say in the 60's & 70's  you didn't have all the drug addicts and nutters running around like it is now ... or did I miss something.  ?

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1 hour ago, RichardColeman said:

If the shops ever decided to employ the number of staff they actually needed rather than they cheaply wanted, at least 33% of the staff would be out the door.

yes, most just play with there mobile all day and can't wait until 5.00 .... there is the rare one who actually wan'ts to help and knows the product. 

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7 hours ago, steven100 said:

Who want's to be hounded by sales staff at every turn when one can sit in their lounge chair at home and decide.  

Or better, procrastinate, then post flippant comments here instead of ordering anything

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6 hours ago, spidermike007 said:

Part of the reason why they are closing is due to Covid. Isetan announced they will not be renewing their lease at Central World too. But, Japanese investments in Thailand are way down, and many companies are pulling out. They see this toxic army, their incompetence, rhe backwards direction the nation is moving, the extreme lack of competence, and it gives them the willies. As it should. Covid can and will be blamed. But, it is far deeper and more sinister than that. 

 

It appears that Japan is averse to what they see as the increasing influence of China here. That is a big issue for them. Also, the US-China Trade war, periodic flooding, with no solutions in sight, and the baht appreciation are issues. Many Japanese companies are exiting China. This is an opportunity for Thailand. But, the extreme incompetence here seems to be inhibiting the ability to move the nation forward. 

 

Instead, some are moving to Vietnam, India and other countries. 

Please allow me to ensure you that Isetan and Tokyu department stores are not the Japanese government but entities that sell goods for profit, nothing more.  

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