ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

3 out of 5 top Japanese department stores see sales rise in July

Big-ticket spending was strong, but discounts took a toll

TOKYO -- Sales at three out of five major Japanese department store operators grew in July thanks to spending by foreign tourists and affluent consumers, although some took hits from earlier-than-usual discounts at the end of June.

Existing-store sales climbed for the month at H2O Retailing's Hankyu Hanshin Department Stores, Isetan Mitsukoshi Holdings' core unit and J. Front Retailing's Daimaru Matsuzakaya Department Stores. But turnover slipped at Takashimaya and Seven & i Holdings' Sogo & Seibu.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more