Japanese department store facing downturn
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Japanese department store sales fell 2.4 per cent in November, year-on-year, the ninth consecutive monthly decline.
The Japan Department Stores Association reported total sales at 234 outlets run by 81 companies were ¥525.7 billion, (US$4.47 billion). It said it expected an improvement in December’s sales data as consumers enjoyed an end-of-year shopping spree.
November was the third consecutive month when the rate of decline had narrowed. October’s same-store sales fell 6.5 per cent.
The JDSA says most categories posted sales declines – with the notable exception of cosmetics.
Meanwhile, the Japan Franchise Association says convenience store sales in November increased 0.5 per cent year on year to ¥773.4 billion (US$6.58 billion), the second consecutive monthly improvement.
Questions & Answers
Q.How much did Japanese department store sales fall in November?
How much did Japanese department store sales fall in November?
Sales fell by 2.4 per cent in November compared to the previous year. This marked the ninth consecutive monthly decline for the sector.
Q.What is the Japan Department Stores Association's expectation for December's sales?
What is the Japan Department Stores Association's expectation for December's sales?
The Association expects an improvement in December's sales figures. This anticipation is due to consumers engaging in an end-of-year shopping spree.
Q.Which product category showed an increase in sales for department stores?
Which product category showed an increase in sales for department stores?
Most categories experienced sales declines, but cosmetics were a notable exception. This was the only specific category mentioned as not declining.
Q.How did convenience store sales perform in Japan during November?
How did convenience store sales perform in Japan during November?
Convenience store sales increased by 0.5 per cent year-on-year in November, reaching ¥773.4 billion. This was their second consecutive monthly improvement.
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