Seibu Shibuya to Close Wed., Ending 58 Yrs of Shaping Youth Culture
Tokyo, Sept. 29 (Jiji Press)--Sogo & Seibu Co.'s Seibu department store in Tokyo's Shibuya Ward will close its doors for the last time Wednesday, bringing an end to its 58-year history of shaping youth culture. The Seibu Shibuya store was opened in April 1968 by the late Seiji Tsutsumi, head of the now-defunct Saison Group. It attracted many customers with luxury-brand shops such as Hermes,...
Tokyo's Shibuya Ward will bid farewell to Seibu department store this Wednesday, marking the end of its 58-year tenure as a cultural touchstone for the youth. Founded in April 1968 by the late Seiji Tsutsumi, the store's closure is a result of the inability to renew its lease agreements with the land and building rights holders.
Established during Japan's economic bubble, Seibu Shibuya played a pivotal role in promoting cutting-edge fashion and luxury brands, including Hermes, which were uncommon in the Japanese market at the time.
The store's innovative Capsule sales area showcased products from emerging designers, fueling Japan's DC brand boom in the 1980s. However, the store's earnings took a downturn following the collapse of the economic bubble, prompting the decision to close its doors. Seibu Shibuya's A building, specializing in food, cosmetics, and women's clothing, along with the B building housing various clothing stores, will both close.
Despite the closure, the Loft and Movida buildings, which house a Muji household goods shop, will continue to operate but will no longer bear the Seibu name.
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