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Monday, December 20, 2010

Japan Department Stores Down In November

Sales at Japan Department Stores dropped 0.5% to 555 billion yen in November after an increase in October - the first rise after thirty-two consecutive months of decline.
By category apparel declined 0.9% and high-priced items such as jewelry and art fell 4.4%,
By region Tokyo department stores actually increased 0.3% to 142 billion.
Although the euphoria of October was short-lived there is still hope for the failing department store industry in Japan as there is some innovation among the department stores in terms of promotional strategy. 

Will Japan Department Stores bounce back?

Data Japan Department Stores Association

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