Five Straight Years of Losses

In 2010 department stores in Japan experienced their fifth straight year of sales declines. Sales for department stores in Japan decreased 2.5% to less than 6.30 trillion yen for the 2010 fiscal year. A significant loss though not as large as the 9.6% decline in sales department stores experienced in the 2009 fiscal year.

Only two department stores experienced an actual increase in revenue in 2010 - Takashimaya in Osaka and Sogo & Seibu’s Ikebukuro location.

Information Nikkei Inc. Survey