Japan’s oldest department stores face bankruptcy amid virus crisis

Aran News Saudi Arabia08 Sep, 2020News

Known for fancy food halls, luxury items, impeccable service and, in their heyday, rooftop attractions to entertain families, Japan’s department stores have been in a long slow decline as shopping habits change. Now the coronavirus pandemic, just as it has forced US retailers such as Lord & Taylor and Neiman Marcus into bankruptcy, is hammering nails into coffins for some — particularly those in regional areas.