Find in the news:
BY COUNTRY

Japanese brand Muji has filed for bankruptcy



The company, famous for its no-logo policy, will restructure its business and bet on online sales.
Japanese retailer Muji

Japanese retailer Muji, which specializes in selling consumer goods with a minimalist design, filed for bankruptcy under Chapter 11 of the U.S. Code, following the example of dozens of major American brands, including the likes of Apple and Samsung. The company, famous for its "no-logo" policy, will restructure its business and bet on online sales. 

"Muji felt the devastating effects of the pandemic in the retail segment and decided to take the opportunity of bankruptcy to refocus our efforts in the U.S. on key regional markets and e-commerce," commented company CEO Satoshi Okazaki. 

As part of the restructuring, Muji is expected to close a small number of stores in the next few months. Chapter 11, bankruptcy practice is often used by companies to cover losses and build new development strategies. The company reports that the process will allow the brand to become more viable and hopes to increase its operating performance in the future.  

Muji brand-owning conglomerate Ryohin Keikaku suffered a loss of $27.2 million in the first quarter of 2020. The company will sell goods in 14,000 stores outside the Lawson chain. The company has not been operating in the U.S. market since late March. To date, only 60% of retail outlets have resumed operations. In total, more than 9,400 stores have closed or announced their intention to close as of the beginning of 2020. For comparison, last year, 9300 stores were closed, and in 2018 - only 5700 stores. 

More about shopping malls in Japan



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us