August department store sales fell 8 to 26% year-on-year

August department store sales fell 8 to 26% year-on-year. Corona impact continued September 1 19:02

Last month's sales of five major department stores fell by 8% to 26% compared to the same month last year, due to the spread of the new coronavirus infection.

According to the preliminary figures of the sales of the 5 major department stores last month, compared to the same month last year,

▽ Hankyu Hanshin Department Store is 26.9%

▽ Daimaru and Matsuzakaya J.

Front retailing

decreased

26.1%

▽ Mitsukoshi Isetan Holdings 23.4%

▽ Takashimaya 18.2%

▽ Sogo and Seibu

decreased

8.8%

each.

This is due to the spread of the new coronavirus and the drop in the number of customers visiting the store due to the effects of the heat wave.

In addition, the fact that the tax-free sales of foreign tourists, who have supported the performance of department stores before the spread of infection, has almost disappeared is another factor behind the decline in sales.

Department store companies are aiming to recover sales through measures such as strengthening sales through the Internet, but due to competition with online shopping, the business environment remains severe.