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Home > Company Index > Retail > Department Stores > Mitsukoshi, Ltd.

Mitsukoshi, Ltd.
 PROFILE
Founded as a single kimono shop in 1673, Mitsukoshi, one of Japan's largest department store chains, finds its foundation shaky. Part of the Mitsui group, one of the largest "keiretsu" (interconnected industrial groups) in Japan, the retailer runs about a dozen domestic stores and another 10 outlets in other countries, including the US and Germany. The company has been hurt by decades of mismanagement, a lack of younger shoppers, and a struggling economy. Mitsukoshi has been forced to reform -- axing personnel and retreating from foreign investments. (It sold its 12% stake in US jeweler Tiffany & Co. in 1999.)

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: February
2000 Sales (mil.): 8,357.50
1-Yr. Sales Growth: 2.3%
Employees: 8,342
Revenue per employee: $1,001,858.07

 KEY PEOPLE
• Kazuo Inoue
    CEO
• Keizo Fujimoto
    CFO

 CONTACT INFO
1-4-1 Nihombashi Muromachi, Chuo-ku
Tokyo 103-8001, Japan
Phone: 81-3-3241-3311
Fax: 81-3-3242-4559
Online: Web Site

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