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News Shimane’s last department store closes after 65 years

thomas

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Sad news: Ichibata Hyakkaten, Shimane's last department store in operation, closed its gates last Sunday. With the closure, department stores are now non-existent in Shimane, Yamagata and Tokushima prefectures.


Photo credit: Masahiro Kakihana



The store opened in 1958 near the prefectural government's office building and moved to its current location in 1998 to attract more customers. However, due to the declining population, the opening of large retail stores in the suburbs, and the rise of online shopping, sales peaked at 10.8 billion JPY (USD 74.4 million) in fiscal 2001 and declined year by year since then. In addition, tenants, mainly apparel stores, withdrew one after another during the pandemic, and sales in fiscal 2022 fell to 4.3 billion JPY, 40 per cent of the peak level. According to the Japan Department Stores Association, there were 180 department stores nationwide as of November 2023, down 26 per cent from 10 years ago, when the figure was 242. As many as 17 prefectures have only one department store that is an association member.


 
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