Isetan

From Wikipedia the free encyclopedia

Not to be confused with Isetann.
Isetan Co., Ltd.
株式会社伊勢丹
Company typeSubsidiary
IndustryRetail
Founded1886; 138 years ago (1886), Hatagomachi, Kanda (Sotokanda, Chūō), Tokyo, Japan as Iseya Tanji Gofukuten
FounderTanji Kosuge
SuccessorIsetan Mitsukoshi Ltd.
Headquarters14-1 Shinjuku 3-chōme, Shinjuku, Tokyo, Japan
ParentIsetan Mitsukoshi Holdings Ltd. (100%)
Websitewww.isetan.co.jp

Isetan (伊勢丹, Isetan) (TYO: 8238 unlisted on March 26, 2008, SGX: I15 ) is a Japanese department store. Based in Shinjuku, Tokyo, Isetan has branches throughout Japan and South East Asia, including in Jinan, Kuala Lumpur, Selangor, Shanghai, Singapore, and Tianjin, and formerly in Bangkok, Hong Kong, Kaohsiung, London, and Vienna.

On April 1, 2008, Isetan and Mitsukoshi were merged under a joint holding company called Isetan Mitsukoshi Holdings Ltd. (TYO: 3099).

Branches in Japan

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Name Type Country City Opened Closed Size Annual Sales
Sq m Sq ft Year

Millions
of yen

Millions
of USD*

 Year
Isetan Shinjuku Owned Japan Tokyo Sep 28, 1933[1]  open 64,296[1] 692,080 2007 256,980m 2,357m[1] 2007
  • Flagship. Attracts over 30 million shoppers per year. As of 2007, was often the #1 in apparel sales among all department store locations in Japan.
  • Makes the claim to be one of the most influential department stores in Japan and often first in showcasing new trends and new products.
  • Comprises the Main Store and the Isetan Men's annex building
Isetan Tachikawa Owned Japan Tokyo Oct 10, 1947 open 40,060 431,202 2007 40,535m 371.85m[1] 2007
  • Store on the original site opened in 1947. In January 2001, a new store opened on a new site near Tachikawa station
Isetan Kichijōji (ja) Owned Japan Tokyo Nov 10, 1971 Mar 14, 2010[ja] 20,758 223,437 2007 18,274m 167.64m[1] 2007
Isetan Matsudo(ja) Owned Japan Chiba Apr 19, 1974 Mar 21, 2018[ja] 33,109 356,382 2007 29,010m 266.1m[1] 2007
Isetan Urawa Owned Japan Saitama Apr 22, 1981 open 29,355 315,975 2007 52,775m 484.13m[1] 2007
Isetan Sagamihara (ja) Owned Japan Kanagawa Sep 25, 1990 Sep 30, 2019[ja] 40,906 440,309 2007 32,490m 298.1m[1] 2007
Isetan Fuchū (ja) Owned Japan Tokyo Apr 3, 1996 Sep 30, 2019[ja] 34,102 366,102 2007 24,884m 228.27m[1] 2007
JR Osaka Mitsukoshi Isetan JV** with JR West Japan Osaka 2014[2] 50,000 538,196
  • At the JR West Osaka Station North Gate Building, Kita-ku, Osaka
  • Converted to "Isetan shops in LUCUA 1100",[ja] 33,000 sq. m.
JR Kyoto Mitsukoshi Isetan  JV** with JR West Japan Kyoto open

*at current exchange rate **joint venture with

Other joint venture stores

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JR Kyoto Isetan (operated by West Japan Railway Isetan)

Other closed branches

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Isetan Kichijoji (F&F Buildings)
Kokura Isetan

Branches outside Japan

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Branches in Southeast Asia

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Isetan previously opened at Orchard's Wisma Atria, a neighboring shopping mall to Isetan Scotts branch, but closed in March 2015, and converted for rental purposes. Currently the space, leased to Isetan, was filled with Mango, iora, Salon Vim, DRx Medical Aesthetic Clinic, YANN VEYRIE SALON, Franck Muller, Gautier Stylish French Living, Longines, World of Watches, UCHINO MYMY, SCANTEAK, and Sony.

Several stores were closed down due to COVID-19 pandemic. These include Westgate, of which it was closed down on 8 March 2020,[3][4] followed by CentralWorld store at Bangkok while restaurant zone and Kinokuniya Bookstores will still remain.,[5][6][7] and the closure of Parkway Parade branch on 31 January 2022,[8][9] and also the closure of 1 Utama branch on 5 April 2022.[10][11][12][13] Also the Japan Food Town, the cluster of Japanese restaurants on the fourth floor of what previously known as Isetan Wisma Atria was shuttered. Prior to closure, some tenants were already moved out. Isetan has already received offers from external parties interested to lease its space.[14]

Branches in China

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Closed branches outside Japan

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Isetan CentralWorld Bangkok, Thailand

References

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  1. ^ a b c d e f g h i Annual Report 2007 (PDF) (Report). Isetan Company Ltd. 2007. p. 34. Retrieved 20 November 2023. Store size is not published in their later e.g. 2023 annual report.
  2. ^ Nakamura, Naofumi (23 Jan 2014). "Isetan Mitsukoshi retreats from Osaka's department store wars". Nikkei Asia. Retrieved 20 November 2023.
  3. ^ hermesauto (6 May 2019). "Isetan not renewing lease of 'loss-making' Westgate store". The Straits Times. Retrieved 7 May 2019.
  4. ^ "Isetan will not renew lease of 'loss-making' Westgate store". CNA. Archived from the original on 7 November 2020. Retrieved 7 May 2019.
  5. ^ "'เซ็นทรัลเวิล์ด' เตรียมสร้าง เดสทิเนชั่นใหม่ แทนที่ อิเซตัน คาดเปิดกลางปี '64". 14 March 2020.
  6. ^ "Isetan to Withdraw from Bangkok". nippon.com. 2020-03-15. Archived from the original on 2020-09-26. Retrieved 2020-03-16.
  7. ^ Kinokuniya Thailand Announcement
  8. ^ "Isetan at Parkway Parade to close in March 2022 after 39 years". mothership.sg. Retrieved 2021-08-30.
  9. ^ hermesauto (2021-08-13). "Isetan Singapore closing Parkway Parade store by March 2022". The Straits Times. Retrieved 2021-08-30.
  10. ^ "Isetan 1 Utama is Closing Down". 17 November 2021. Retrieved 2021-11-18.
  11. ^ Chalil, Melanie (18 November 2021). "Isetan announces closure of 1 Utama outlet after 10 years of operations | Malay Mail". www.malaymail.com. Retrieved 2021-11-18.
  12. ^ BH, Wartawan (2021-11-17). "Isetan tutup gedung di 1 Utama". Berita Harian. Retrieved 2021-11-18.
  13. ^ "Isetan 1 Utama To Close Down Next Year After 10 Years". Hype Malaysia. 2021-11-18. Retrieved 2021-11-18.
  14. ^ hermesauto (2020-03-06). "Japan Food Town shuttered, lease terminated by landlord Isetan". The Straits Times. Retrieved 2020-03-16.
  15. ^ "Press Release "Closing of Vienna Isetan"" (PDF). 14 March 2003.
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