June department store sales in Japan fall 19%

Business Jul 21, 2020

June department store sales in Japan fall 19%

Japan's department store sales declined 19.1 percent from a year earlier in June, improving from sharper falls in the previous months after the lifting of a state of emergency over the new coronavirus allowed stores to reopen, an industry body said Tuesday. Sales in June ...

Japan department store sales dive 71.5% in April

Business / Corporate May 29, 2020

Japan department store sales dive 71.5% in April

Department store sales in Japan plummeted 71.5 percent from a year earlier in April as many stores were shut amid the government-declared COVID-19 state of emergency, the industry ministry said Friday. The drop was the largest since comparable records began in January 1980. On the other ...

Tokyo department stores ramp up operations as virus concerns ease

Business May 23, 2020

Tokyo department stores ramp up operations as virus concerns ease

Major department stores ramped up operations Saturday following a six-week suspension for the coronavirus pandemic. After Seibu's flagship store opened its doors at 10 a.m. in Tokyo's Ikebukuro district, more than 50 people who were waiting entered after having their temperatures checked and disinfecting their ...

Isetan Mitsukoshi logs ¥11 billion annual net loss

Business / Corporate May 12, 2020

Isetan Mitsukoshi logs ¥11 billion annual net loss

Major department store operator Isetan Mitsukoshi Holdings Ltd. has reported a consolidated net loss of ¥11.19 billion for the 2019 business year that ended March 31. The result, coming after turning a ¥13.48 billion profit the previous year, was announced Monday after sales started plunging ...

Retailers in Japan brace for tough year as virus hits consumption hard

Business Apr 14, 2020

Retailers in Japan brace for tough year as virus hits consumption hard

Recent decisions by major retailers including Seven & I Holdings Co. and Takashimaya Co. to forego the release of earnings guidance due to the coronavirus outbreak highlights the seriousness of Japan's consumption slump. Convenience stores, supermarkets and drugstores, exempt from the government's business closure requests, ...

Coronavirus took toll on Japan's auto and retail sales in February

Business Mar 3, 2020

Coronavirus took toll on Japan's auto and retail sales in February

Automakers and department store operators reported sharp sales declines in February as the spread of the new coronavirus dented consumer sentiment and drove away foreign tourists. The weak data came as analysts warned of a second consecutive quarter of contraction in January to March, with ...