Some stores are gone, but not forgotten


Mon, Oct 12, 2009 - Page 12

It is not always easy for department stores and malls to survive in Taiwan, judging from a few establishments that used to be a household name for Taipei residents and are now closed:

Taipei Sincere Department Store (先施百貨)

Launched on July 16, 1987, Taipei Sincere, located in Songshan District, focused on high-class furniture from Germany, the US and the Netherlands. It fell prey to the economic crisis and began its “Bye-bye sales” on Sept. 4, with most products selling at a 70 percent discount. It will close for good on Oct. 28.

Sunrise Department Store (中興百貨)

Sunrise was founded in 1985 by Chung Shing Textile Co (中興紡織) as Sesame Department Store (芝麻百貨). It was one of the first retailers to introduce upscale brands such as Armani to Taiwan.

Sunrise’s finances were dragged down by Chung Shing — which was de-listed in 2006 — and made headlines in 2007 when NT$300 million in checks to suppliers bounced. Sunrise closed its doors on July 31 last year.

Idee Department Store (衣蝶百貨)

Opened in 1995, Idee also fell victim to its parent company’s financial woes.

Badly hurt by financial scandals at debt-ridden China Rebar Co (中國力霸), Idee was auctioned off on April 28 last year to Shin Kong Mitsukoshi Department Store (新光三越) for NT$705 million.

The store’s name was changed to “Shin Kong Mitsukoshi” on June 1 last year.