• Bloomberg

  • SHARE

The unusually long and cool rainy season has dampened demand for apparel, furniture and other goods, with some retailers already reporting steep drops in merchandise sales.

Shimamura Co., a chain of affordable clothing shops, reported last week that same-store sales through July 20 fell 18 percent from a year earlier. Many of Shimamura’s customers reach the company’s 1,433 locations in Japan via bicycle rather than car, so rainy days tend to have an outsized impact on revenue, a spokeswoman said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)