Electronics retailer Sakuraya plans to close its Shinjuku station west exit store at the end of this year. The company had been struggling when rival Best Denki took a 40% share back in 2006. In March of this year, Best Denki bought the remaining 60% to make the firm a fully-owned subsidiary and the closure is the first major restructuring move since they took complete control. The west exit store generates the highest sales of any of the Sakuraya outlets but weak spending and greater competition in the area has made it unprofitable. Until the end of the year, they are holding a closing down sale and all after-sales service will be handled by Sakuraya stores located on the east side of the station.
