The Izutsu-ya department store chain announced plans to close its store in Iizuka, Fukuoka Prefecture. The company said its survival strategy for the difficult economic times was to focus on the Kitakyushu-Yamaguchi area. The downturn in individual consumption resulted in the Iizuka store’s first loss in 10 years, and the company does not have the reserves to keep it afloat. The Iizuka store is the only department store in the Chikuho area.
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- Izutsu-ya to Close Iizuka Store