MYCAL Corporation · Osaka Japan

One of Japan's leading retailers, MYCAL runs more than 100 general merchandise and specialty stores in formats that include its mainstay Saty supermarkets (food, apparel, household items), Vivre fashion shops (apparel, accessories), and Mycal Town (complexes combining the Sakurano and Saty concepts with other services). Huge debts and competition from foreign-owned discount stores forced the company to shed locations and subsidiaries. In 2001 MYCAL filed for bankruptcy protection and was bought by Japanese retail giant AEON, operator of the Jusco supermarket chain, in late 2003. Five years later, rehabilitated, it opened its first new store. To read the full description, subscribe now.