Major department stores drastically reduce sales in March. Serious impact on consumer sites. March 16 18:06
Due to the spread of the new coronavirus infection, consumers are now more likely to refrain from going out, and the sales of major department stores since this month have fallen about 20% to 40% from the same period last year. However, the spread of infection is having a serious impact on consumption sites.
According to major department stores, Daimaru Matsuzakaya department store sales from January 1 to 14 this month were down 43% compared to the same period last year.
Also, compared to the 1st to 15th of this month, Isetan Mitsukoshi Holdings Co., Ltd. was 34.8%, Takashimaya 32.9%, and Sogo / Seibu 20% to 30%, respectively, which were lower than the same period last year.
Among them, tax exemption sales for foreign tourists have fallen sharply by 70% to 96% compared to the same period last year.
Major department stores have explained that the major factors behind this are that the number of foreign tourists has dropped sharply and that there has been a growing movement to refrain from going out in Japan. It became clear that it had a serious impact on actual consumption sites.