The solely division retailer in Shimane Prefecture, “Ichibata Department Store” in Matsue City, will shut in January subsequent yr as a result of deterioration of enterprise efficiency.
“Ichibata Department Store” opened in Matsue City in 1958, moved to the present JR Matsue Station in 1998, and has been fashionable with residents for a few years as the one division retailer in Shimane Prefecture.
Sales on the peak exceeded 10 billion yen, however in recent times gross sales have decreased yr by yr as a result of opening of enormous buying malls and the affect of the brand new corona, and within the fiscal yr ended March 31, it fell to 4.3 billion yen. We have been within the last deficit.
The division retailer has continued to seek for methods to recuperate its enterprise efficiency, equivalent to attracting new tenants and reviewing bills to curb spending. It implies that we have now determined to shut the enterprise on the 14th of the month.
According to “Ichibata Department Store”, they plan to dismiss all 118 staff by mid-February subsequent yr, apart from some. In addition to selling re-employment on the firm, we’ll help re-employment whereas receiving help from the federal government.