officials, Isetan Mitsukoshi Holdings Ltd. is the Board of Directors held 7 days, decided to take responsibility, such as sluggish sales Atlantic President to resign at the end of the month. It is
Onishi President continues until this year's shareholders ' meeting Board of Directors. Decided to take a

his successor President Executive Vice President Takehiko Sugiyama ohye.

Onishi, President pre-merger leading department store Isetan from from 0/2012 five years ago, served as President of Isetan Mitsukoshi Holdings Ltd., has been promoting diversification, such as partnerships with travel companies also actively opening smaller stores.

Isetan Mitsukoshi Holdings Ltd. is expected to profit in the financial year to March this year the final reduce the 51% from the previous year partly to stall foreign visitors by the so-called Baku buy in addition to the regional slump, but

.
for this reason, plans structural reforms, such as the shrinking retail floor space for stores in Matsuyama, and Hiroshima, Chiba Prefecture Matsudo city, Fuchu-Shi, Tokyo, this month will close stores in Tama city, Tokyo and Chiba City, as well, pursuing restructuring of sluggish department store business.

Change in top management of the

this is aimed to accelerate those restructuring there is.