— Sales Hit by Major Typhoons, Lingering Summer Weather
TOKYO (MNI) – Department store sales in Japan fell 2.4% in
September, hit by two major typhoons on weekends, posting the third
straight year-on-year drop, data released by the Japan Department Stores
Association showed on Tuesday.
Relatively high temperatures in the month also depressed autumn
clothing sales, said the association.
The September figure followed -1.7% in August, -0.1% in July, +0.3%
in June, -2.4% in May, -1.5% in April and -14.7% in March.
The association said signs of recovery emerged in department store
sales in the last 10 days of September, as seen in a 1.1% rise on year
in sales of jewelry and other luxury items.
The association compiles data from 86 companies running 253
department stores that have been open for at least a year prior to the
survey being conducted. The data are adjusted to facilitate comparisons
on a same-store basis.
In Tokyo, combined sales at 25 department stores fell 3.6% y/y in
September, also posting the third straight y/y fall, following -2.9% in
August.
tokyo@marketnews.com
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