Takashimaya: Bad News Ahead

WWD revealed that elegant Japanese department store Takashimaya which occupies more than 37,000 square feet for retail and office space on New York City's posh Fifth Avenue will close its flagship store in June. The building is owned and controlled by Takashimaya Fifth Avenue Corp. and Takashimaya Singapore Ltd. "Takashimaya said it plans to sell the real estate and dedicate the proceeds to