Parco is a Tokyo-based company whose primary business is operating shopping facilities for tenants. In 1986, they took over a building next to Tsuruya, and for a while, it was a huge hit. However, as the building ages, its tenants are losing their target demographic - youngsters - to more modernized shops, with sales down 20% in 2018.
Kumanichi reports that Parco is considering shuttering the complex. - William
