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Japan’s January department store sales: ‘Plus’ 0.0%

February 21, 2007
By Ken Worsley


The Japan Department Stores Association is reporting a ‘plus’ in nationwide department store sales for the first time in four months, with sales +0.0% on a year earlier, at 688.6 billion yen. Yes, you read that right: sales are +0.0% against January 2006. The nationwide survey includes 276 stores owned by 95 companies.

Last December had seen a 2.3% fall against the same month in the previous year.

Clothing sales, which makes up the highest proportion of total department store revenues, was at 315.5 billion yen, down 1.0% from the January of the previous year. Unseasonably warm weather was again to blame for the low numbers in this category.

Sales in Tokyo, which included 28 stores operated by 13 companies, were down 0.1% on the previous year, decreasing for the fourth month in a row. Tokyo sales totalled 164.4 billion yen.

Hopefully by saying “４か月ぶりの+0.0％となった。” (The first plus result (at 0.0%) in four months), the JDSA means that the result was finally not negative. They did also say “４か月ぶりにプラス” in the headline, which basically lays out their math skills right there: “The first plus result in four months.”

Filed Under Department Stores, Retail 

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Comments

3 Responses to “Japan’s January department store sales: ‘Plus’ 0.0%”

  1. Japan News for February 21, 2007 » Japan Probe on February 21st, 2007 2:48 pm

    […] The Japan Department Stores Association is reporting a ‘plus’ in nationwide department store sales for the first time in four months, with sales +0.0% on a year earlier, at 688.6 billion yen. Yes, you read that right: sales are +0.0% against January 2006. [Link] […]

  2. Tom/NYC on February 28th, 2007 10:13 am

    In the financial markets, the o (zero up tick) can only come after a positive movement just before that on a price of a security. I guess that is not rule when it comese to JDSA statistics…………… or maybe it’s just that Mizuho is now responsible for calculating and reporting those numbers.

  3. Ken Worsley on February 28th, 2007 3:36 pm

    Tom, I’m going to assume that you mean Mizuho Securities, and not idol girl Mizuho Tada (maybe NSFW). I’m not sure if it would make a difference.

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