Sogo & Seibu declares its "reform phase" over, names five priorities for a new growth phase
Sogo & Seibu told 650 supplier representatives that its post-restructuring "reform phase" is over, naming five growth priorities including a rare Honten (main-store) title for a remodelled Sogo Yokohama — but gave no timeline or spending figures to back the shift.
Sogo & Seibu held its first strategy briefing for business partners since new management took over the department-store operator in September 2023, telling roughly 650 attendees from 380 supplier and tenant companies that the "reform phase" that followed is now complete and a "growth phase" is beginning, the company said in a statement dated Aug. 13.