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Thursday, December 2, 2010

3 Out of 4 is Not Bad, But is it Good?

For the second straight month departments store sales in Japan have increased. November same-store-sales for three of the big four department stores increased from the same time last year. At Mitsukoshi sales grew 5%, while sales at Isetan increased 0.3%, and sales at Hankyu also saw an increase of 1.4%. Meanwhile sales at Takashimaya fell 0.8%.

After 31 straight months of sales declines this is the second month that sales at Japanese department stores have increased.

I guess the information-gathering trip to South Korean department stores was a success, or was it the Christmas cake sales in November?

Data Japan Department Stores Association

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