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Home > Company Index > Retail > Department Stores > Matsuzakaya Co., Ltd.

Matsuzakaya Co., Ltd.
 PROFILE
Founded in 1611, department store chain Matsuzakaya has earned the right to call itself an established retailer. The company operates 12 department stores in central Japan, including its flagship outlet in Nagoya, and one store in Paris. It has closed its store in Los Angeles. Matsuzakaya rings up most of its sales in its department stores, which sell clothes, food, household items, and personal goods. It is also involved in furniture making, restaurants, supermarkets, and wholesale textiles. Japan's economic woes forced the company to start downsizing through early retirement and restructuring operations. Matsuzakaya is also facing increasing competition from foreign-owned companies.

 COMPETITION
The Daimaru, Inc. (dossier)
Mitsukoshi, Ltd. (8231)
Takashimaya Company, Limited (8233)

 FINANCIAL OVERVIEW
Fiscal Year-End: February
1999 Sales (mil.): 3,748.30
1-Yr. Sales Growth: (7.3)%
Employees: 5,692
Revenue per employee: $658,520.73

 KEY PEOPLE
• Kunihiko Okada
    CEO

 CONTACT INFO
16-1, Sakae 3-chome, Naka-ku
Nagoya 460-8430, Japan
Phone: 81-52-251-1111
Fax: 81-52-264-7140
Online: Web Site

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