Department Stores Post Higher Sales in July in Japan
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/08/ECONOMY-BOJ.jpg)
A shopper looks at handbags displayed inside a luxury department store at a shopping district in Tokyo, Japan, August 7, 2015.
17:38 JST, August 2, 2023
TOKYO (Jiji Press) — Four major Japanese department store operators reported higher same-store sales for July compared with a year before, aided by continued strong demand for luxury brand goods.
Sales of luxury goods, including foreign handbags, were partly boosted by summer bonus payments.
Yukata, casual summer kimono, sold well as fireworks and summer festivals took place across the country after three years of hiatus due to the COVID-19 pandemic.
Scorching summer heat also pushed up sales of sunglasses and caps and hats.
Isetan Mitsukoshi Holdings Ltd. posted a 14.5% sales rise. Daimaru Matsuzakaya Department Stores Co., a unit of J. Front Retailing Co., reported an 11.6% gain.
Takashimaya Co.’s sales climbed 12.8%. Sales at Seven & i Holdings Co.’s Sogo & Seibu Co. rose 4.1%.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING