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