Come 2012 there will be one less tenant at Kobe Harborland. H20 Retailing will close their Hanyku outlet in Kobe, Hyogo due to weak sales and enduring losses.
Since it’s opening inside Kobe Harborland in 1992, the Kobe Hankyu has been a major tourist attraction with six floors of shops, restaurants, hotels and theaters spread across 33,000 sqm.
In 1997 the Kobe Hankyu reported record sales of 25.9 billion yen and since then has consistently sustained sales losses with sales projected to end on the year March 2011 at 8.9 billion yen.
Kobe Hankyu will also join the ranks of Sogo & Seibu, Daiei, and the New Otani who also pulled out of Harborland.