Japan Department Stores Association Archives - Inside Retail Asia
Kose Corporation says it is on track to an approximate 40 per cent jump in first-half operating profit, to about ¥26 billion.
Department-store sales in Japan fell 1.4 per cent last month, reports the Japan Department Stores Association.
Japanese department store sales rose 1.4 per cent year-on-year in June.
Tourist spending at Japanese department stores jumped 42.8 per cent last month to ¥19.3 billion (US$173.8 million).
The sales slide continued for Japanese retailers last month, say industry bodies.
Japanese department-store sales dropped 2.4 per cent in November, down for the ninth consecutive month.
Losses have forced two Seven & I store closures in regional Japan, both outlets after 40 years of trading.
Japan’s retail sales rose a marginal 0.2 per cent in December – the sixth consecutive monthly year-on-year increase. Analysts had expected a stronger one per cent increase, despite challenging economic circumstances largely due to the nation’s declining and ageing population. Department stores were the weakest link, with data from the Japan Department Stores Association showing a same-store sales fall of 1.7 per cent year-on-year – the ninth consecutive fall. The fall would have been g…