Japan’s department store sales up 0.9 percent nationwide in November, up 1.7 percent in Tokyo
December 19, 2007
By Ken Worsley
We’ve been a tad remiss in posting department store sales for the past three months, but that might have been because it was all bad news and we were waiting for something good. Last month, something almost good happened: Department store sales in Japan were up 0.9% in November year-on-year, according to data released yesterday by the Japan Department Stores Association.
This was the first increase we’ve seen in three months, though it was by less than 1 percent. October saw a 1.4 percent fall, and September sales had been down 2.5 percent. In November, sales of cosmetics (+0.7%) and food (+3.0%) helped push overall sales into positive territory, while sales of clothing declined 0.3 percent. Clothing sales accounted for 38.1 percent of overall revenue, while food sales made up 26.6 percent.
In the Tokyo area, sales rose 1.7 percent against last November. Do we have further evidence of an urban/rural divide in income and spending manifesting itself?
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Down here in Fukuoka Ken the only retailing that is doing(somewhat) well is that centred in Tenjin, Fukuoka-City and some large shopping malls (Aeon, Izumi). 90% of the shops in my burg have shuttered, as the people in country don’t spend their money or they don’t have much to spend. It is really easy to see the economic divide out here. It’s a different world compared to Tokyo…….
How about the fact that the dirtball retailers “mislabeled” furniture. Saying it was from Italy when it was from China. Should boycott their asses for a few months.
[…] supermarkets actually rose 0.4% in November, according to the Japan Chain Stores Association. Food sales at department stores were reported to have been up 3.0 […]