June 20, 2011

Dept Store Sales Down 2.4% in May

The Japan Department Stores Association announced that nationwide department store sales fell 2.4% on the year to 482 billion yen. The monthly loss was the third in a row. Although sales generally recovered as consumers regained an appetite to spend after the Great East Japan Earthquake, there were still a lack of demand for luxury items as well as bad weather, which depressed spending.

No comments: