Japan yoy department store sales fall in November

RBR Staff Writer Published 19 December 2011

Japanese department store sales fell 1.9% in November from the same month last year, according to the Japan Department Stores Association.

The three-month moving average was a 1.6% decline, a little change from the August-October period and demand had been 'relatively solid,' reported Business Week.

J Front Retailing, a major department stores operator, reported Christmas cake sales were up 10% from a year earlier. Sales at Isetan Mitsukoshi Holdings's flagship store in central Tokyo increased 6.4% in November.

The Topix Retail Trade Index rose 2.7% in the past six months, outperforming the broader Topix index's 11.2% decrease. Retail sales increased a more-than-estimated 1.9% in October from the same month a year earlier, the biggest jump since August 2010.

Source: http://markets.retail-business-review.com/news/japan-yoy-department-store-sales-fall-in-november-191211

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