PROFILE |
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Mycal is tiring of its adventures in retailing. One of Japan's largest supermarket operators, the company is shedding locations, subsidiaries, and employees. Huge debts, sluggish demand, and competition from foreign-owned discount stores have forced a drastic overhaul of operations. Mycal's mainstay Saty supermarkets feature basic apparel, food, and household items, and its Vivre apparel and accessories chain offers trendier high fashion aimed at younger shoppers. Mycal operates more than 230 stores, but the restructuring will shutter nearly 50 of them by 2004. Mycal's other operations include a credit card arm (which it is selling), real estate, and cinema complex joint venture Warner Mycal Corp.
COMPETITION |
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The Daiei, Inc. (DAIEY)
Ito-Yokado Co., Ltd. (IYCOY)
Tokyu Department Store Co., Ltd. (8232)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 17,589.40
1-Yr. Sales Growth: 13.2%
Employees: 21,872
Revenue per employee: $804,197.15
KEY PEOPLE |
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Osamu Shikata
CEO
Kozou Yamashita
CFO
CONTACT INFO |
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2-9, Awajimachi 2-chome, Chuo-ku
Osaka 541-8555, Japan
Phone: 81-6-6203-5072
Fax: 81-6-6223-1396
Online: Web Site
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