Tokyo Olympics 2020: Games' merchandise shops to close down with business affected due to coronavirus pandemic

The Tokyo Olympics are to open on 23 July 2021, a one-year delay because of the pandemic

The Associated Press May 12, 2020 16:05:07 IST
Tokyo Olympics 2020: Games' merchandise shops to close down with business affected due to coronavirus pandemic

Tokyo: Five official Olympic merchandise shops in Tokyo will close by early June with business hindered by the coronavirus pandemic and the games being postponed until next year, organizers said Tuesday.

It’s not clear if they will reopen.

Tokyo Olympics 2020 Games merchandise shops to close down with business affected due to coronavirus pandemic

A net is laid around a Tokyo 2020 merchandise store after the shop closed for the day at the Narita International Airport in Narita, near Tokyo. AP

Tokyo spokesman Masa Takaya said in an online news conference that the sixth store in Osaka would also be downsized by early June. Tokyo organizers said 89 stores were operating around Japan at the end of April.

Takaya could not rule out more closures amid the questions surrounding next year's games and how — or if — they can be held.

“We don’t know what's going to happen in the next three weeks," Takaya said. "So in that respect, I cannot precisely confirm how many shops will remain after the closure of these shops.”

Organizers have budgeted for an income of about $100 million from merchandise sales. This is a small part of the privately financed operating budget of $5.6 billion. The largest amount of income is from local sponsors that are paying $3.3 billion to be part of the games.

Overall, Japan says it is spending $12.6 billion to organize the Olympics, although a national audit says the number is twice that much. This is all public money except for the $5.6 billion operating budget.

The Tokyo Olympics are to open on 23 July 2021 — a one-year delay because of the pandemic. The Paralympics are scheduled to open on 24 August 2021.

Organizers say about 5,500 products are being sold at the “licensed” shops, which carry caps, t-shirts, and even “official” chopsticks — all carrying the Tokyo and Olympic logo.

Takaya was asked what percentage of products were made in Japan. Many products, including the stuffed animal mascots — Miraitowa for the Olympics and Someity for the Paralympics — carry labels saying made in China or Vietnam. Many other products also carry the “Made in Japan" label.

“Tokyo 2020 does not have an aggregated number in terms of how many products are being made in Japan or outside of Japan,” Takaya said. "In that respect, we will not be able to provide such (a) number."

He said the Tokyo organizing committee had contracts with suppliers, which are largely free to source products where they wish.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Russia says World Athletics freeze over unpaid fine is 'catastrophic' decision for athletes
Sports

Russia says World Athletics freeze over unpaid fine is 'catastrophic' decision for athletes

Yevgeny Yurchenko said World Athletics had ignored the impact of the coronavirus pandemic when it held Russia to a Wednesday deadline for payment, which was missed.

Coronavirus Outbreak: Select athletes to be exempt from quarantine requirements in England
Sports

Coronavirus Outbreak: Select athletes to be exempt from quarantine requirements in England

The new coronavirus measures will allow Formula One, international football, golf and snooker events to take place. Competitors involved in these events will be granted quarantine exemptions.

Core group of Tokyo-bound shooters to resume training after SAI's decision to re-open facility
Sports

Core group of Tokyo-bound shooters to resume training after SAI's decision to re-open facility

The core group of Indian shooters will resume training on Wednesday following SAI's decision to reopen the Karni Singh Shooting Range, with social distancing measures set to be implemented for the athletes.