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Consumption tax increase for one month

2019-11-01T10:12:51.798Z

The sales of the five major department stores last month and October were affected by the typhoon and heavy rains in addition to the reaction to the last-minute demand in September accompanying the increase in the consumption tax rate.



Consumption tax increase for one month Department store sales drastically decreased November 1 19:10

Sales of 5 major department stores last month and October were significantly lower than last month by 10% due to the impact of typhoons and heavy rains in addition to the reaction to last-minute demand in September accompanying the increase in the consumption tax rate. I was depressed.

The five major department stores announced preliminary sales figures for last month and October.

As a result, the sales of all five companies were significantly lower than the same month last year. The decrease rate of each company was 19.7% for Takashimaya, 19.2% for Sogo / Seibu, 18.7% for Daimaru Matsuzakaya Department Store, and Isetan Mitsukoshi ”Was 18.6%, and“ Hankyu Hanshin Department Store ”was 14.6%.

This was because sales in a wide range of products such as jewelry, women's clothing, cosmetics and miscellaneous goods were not backed by the reaction to the last-minute demand in September accompanying the increase in the consumption tax rate.

Furthermore, in addition to the decrease in the number of people coming to the store due to the impact of Typhoon No. 19 and heavy rains, the fact that they were forced to close and shorten business hours was another factor that caused a significant drop in sales.

Takashimaya's Public Relations and IR Office, Deputy Director Mari Nakagawa said, “The level of sales decline is the same as the previous increase in the consumption tax rate, but I feel that the consumer sentiment is slightly weak. , I want to keep an eye on whether sales will return. "

Source: nhk

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