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

Seibu Department Stores, Ltd.
 PROFILE
One of the top department store chains in Japan, the once-glamorous Seibu Department Stores, part of the Saison Group, has found itself staring in the face of an ugly Asian economy. In the 1970s and 1980s, the chain was among the most profitable and avant-garde in Japan, filled with French designer clothes, art exhibits, and theaters, and run by the artistic Seiji Tsutsumi, son of a Japanese tycoon. Seibu, with 25 stores in Japan and joint venture stores in Hong Kong, is restructuring its holdings in the wake of financial waves hitting the Saison Group. Seibu is opening anchor stores in suburban shopping centers and has bought troubled department store operator Sogo, an upscale rival with 13 locations.

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

 FINANCIAL OVERVIEW
Fiscal Year-End: February
2000 Sales (mil.): 5,030.20
1-Yr. Sales Growth: 12.3%
Employees: 9,602
Revenue per employee: $523,870.03

 KEY PEOPLE
• Yukio Horiuchi
    CEO

 CONTACT INFO
Seibu Ikebukuro Bldg. 1-16-15 Minami-Ikebukuro,
Tokyo 171-8530, Japan
Phone: 81-3-3989-0111
Fax: 81-3-5396-5285
Online: Web Site

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