Daimaru Explained

The Daimaru, Inc.
株式会社大丸
Type:Public KK
Fate:Merged with Matsuzakaya
Successor:Daimaru Matsuzakaya Department Stores Co., Ltd.
Foundation:Kyoto, Japan
Location:Chūō-ku, Osaka, Japan
Industry:Retail
Products:Daimaru department stores
Daimaru Peacock supermarkets
Revenue:467.0 billion yen (2009)
Num Employees:3,292 (2007)
Homepage:daimaru.co.jp/english/index.html
Parent:J. Front Retailing

is a Japanese department store chain, principally located in the Kansai region of Japan. The chain is operated by Daimaru Matsuzakaya Department Stores, a subsidiary of J. Front Retailing. At one time Daimaru was an independent company,, headquartered in Chūō-ku, Osaka.[1]

It has been a member of the International Association of Department Stores from 1962 to 1982. As of 2016, Daimaru had seven stores in Japan, and employed about 3,000 people.

History

Daimaru traces its history to Dai-Monjiya, a dry goods store in Kyoto founded by Shimomura Hikoemon Masahiro in 1717.[2] [3] The name "Daimaru" was first used for a store in Nagoya called Daimaruya, which opened in 1728.

The chain was incorporated in 1907 and reincorporated as Daimaru Dry Goods K.K. in 1920, changing its name to Daimaru in 1928. For several years in the 1960s, Daimaru was the largest retailer in Japan.

In 1960, Daimaru established a subsidiary called Peacock Sangyo. Now known as Daimaru Peacock, it operates 49 supermarkets in the Greater Tokyo Area, 28 in the Kansai region and 8 in the Chūbu region.

International expansion and closures

Daimaru expanded to Malaysia 1942 opening in Penang and later Singapore establishing a presence in November 1983 when Liang Court was opened. Daimaru would later close and reopen in 2003.[4]

Its opened in Hong Kong in 1960 lasting until its exit from Hong Kong in 1998,[5]

In the late 1964, it was the first Japanese department store to open in Thailand, under the name Thai Daimaru.[6]

It opened its first store outside of Asia in Melbourne, Australia in 1991 operating across six levels of the Melbourne Central (in direct competition with Myer and David Jones). A second Australian store announced in 1996 opened on the Gold Coast in 1998.[7] Daimaru announced its departure from the Australian market after nearly a decade of low profits in September 2001[8] commencing closure of both stores in late 2002.[9] [10]

In 1998, Daimaru entered into a partnership with the French grand couturier Dominique Sirop to produce Dominique Sirop for Daimaru, a high fashion prêt-à-porter (ready-to-wear) label.

Locations (Japan)

External links

Notes and References

  1. "会社概要." Daimaru. January 27, 1998. Retrieved on December 15, 2010. "本社ビル所在地 大阪市中央区南船場4丁目4番10号"
  2. Book: Historical Dictionary of Japanese Business. Stuart D.B. Picken. 19 December 2016. Rowman & Littlefield Publishers. 978-1-4422-5589-0. 110–.
  3. Book: Japanese Yearbook on Business History. Japan Business History Institute. 1996. 114.
  4. Web site: Daimaru of Japan says it will close all stores overseas.. https://web.archive.org/web/20160304070734/https://www.highbeam.com/doc/1G1-88207079.html. dead. March 4, 2016. 12 March 2013. Australian Business Intelligence. July 2, 2002.
  5. Lui, Tai-Lok. Gordon, Mathews. [2001] (2001) Consuming Hong Kong.Hong Kong University Press .
  6. https://www.bangkokpost.com/travel/2190079/the-gods-of-ratchaprasong The gods of Ratchaprasong
  7. https://www.goldcoastbulletin.com.au/business/flashback-inside-the-gold-coasts-1998-opening-of-the-40m-daimaru-department-store/news-story/e604d31ea7397266d8fd1bad0a94af4d Daimaru plans $40m Gold Coast store Sonia Syvret
  8. https://www.japantimes.co.jp/news/2001/09/26/business/daimaru-to-close-australian-stores/ Daimaru to close Australian stores
  9. News: Melbourne's Daimaru closes down. 12 March 2013. The World Today. 21 June 2002. Kate Tozer. Australian Broadcasting Commission.
  10. News: Daimaru to go out with a bargain or two. 12 March 2013. The Age. June 20, 2002. Lyall Johnson. Fairfax Media.