Shoe shop goes bust after holding closeout sale for more than 20 years

People line up outside Shoes Otto in Osaka on Feb. 20, 2016, the last day of its business. The store, which started the "going out of business sale" after the burst in the early 1990s of Japan's asset-inflated bubble economy and continued it for more than 20 years as a marketing tactic, formally went bankrupt on April 26, 2017, Tokyo Shoko Research said. (Kyodo) ==Kyodo