Japan Aug Supermarket Sales -2.2% Y/Y, 1st Fall In 3 Months

Author: Market News International | Category: News

TOKYO (MNI) – Sales at supermarkets in Japan open for at least a
year fell 2.2% in August from a year earlier to Y1.07 trillion, posting
the first y/y drop in three months, as cool temperatures late in the
month dampened seasonal demand, an industry group said Thursday.

Heavy rainfalls in the last 10 days of the month hit sales of
summer clothing as well as seasonal food and beverages, said the Japan
Chain Stores Association.

The decrease followed +2.1% in July, +0.1% in June and -1.4% y/y in
May.

The latest figures are based on the combined sales at 60
supermarket chains which together operate 7,992 outlets. The numbers
have been adjusted to facilitate comparison on a same-store basis.

Including sales at stores newly opened during the past year,
revenue rose 2.4%, with the pace of increase decelerating from +6.9% in
July.

tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **

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