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Monday, August 1, 2011

Japan Department Stores Show Signs of Life in July

For the most part Japan departments stores had a positive month in July. I say for the most part as only four of the big five department stores reported a sales increase starting with Mitsukoshi Isetan where sales increase 3.8%, followed by Daimaru Matsuzakaya where sales were up 3.7%, after that Sogo & Seibu reported a 3% increase and even Takashimaya showed an increase of July albeit a slight increase at 0.9%.

The only one of the “Big Five” Japanese department stores to not grow sales in July was Hankyu Hanshin which reported a 4.4% decrease.

Sales of apparel and high-priced items which up until recently have not being selling well at department stores also showed an increase in sales for July.

Information Japan Department Stores Association

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