Takashimaya posts 22,8 percent increase in profits for the first half 2012
Japanese luxury department store operator Takashimaya reported a 22,8 percent increase in profits for the first half of 2012, compared to the same period 2011, reaching a total of US$ 82,48 million. Takashimaya Group reported a turnover of US$ 5,24 billion for the first half of 2012, a 2,4 percent increase on the same period last year. The latest financial results are a clear sign of the upward trend of the Japanese luxury market.
In Japan, Takashimaya Group operates directly 20 stores and has 2 subsidiaries. Abroad, Takasimaya operates a joint venture store in Singapore with Ngee Ann Kongsi Group and a store in Paris. Takashimaya used to own and operate a store in New York, which went bankrupt and closed in 2010.