Headlines

Disney Sinks in the East

Is closing some of its Japanese stores, selling the rest

Published

23 years ago

September 12, 2001

admin1

Walt Disney Co. (Burbank, Calif.), which is gradually trimming its 700-store, nine-country retail chain, has agreed to sell its 79 Disney Store retail shops in Japan for $51 million to Oriental Land Co., the operator of the Tokyo Disneyland and DisneySea theme parks in Japan. However, Disney said that some of the 79 stores will be closed before the sale is completed.

Oriental Land will operate the surviving stores and pay Disney annual royalties based on their retail sales, according to a Disney spokesperson.

The sale is expected to be completed in April. The Disney Store chain, which first opened in Japan in 1992, sells dolls, stationery, clothing and other products featuring characters that have appeared in Disney films.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design