Sales at major department stores in the first half of October Low level of improvement compared to the same period of the previous year October 15, 18:46

Sales at three major department stores improved significantly earlier this month compared to the same period last year.

This was due to a fall in sales last year as a reaction to the last-minute demand following the consumption tax hike, which remains at a lower level than the adult who had no special factors.

According to the announcements of each company, sales from the 1st to the 14th of this month

increased by 8% at ▽ Takashimaya compared to the same period last year.

▽ Mitsukoshi Isetan Holdings decreased by 0.1%,

▽ Daimaru Matsuzakaya Department Store decreased by 4%, and the rate of decline in

sales improved by more than 30 points compared to the first half of last month.

However, this is because sales in October last year were declining due to a reactionary decline in demand due to the consumption tax hike, and Isetan Mitsukoshi compared the sales of each company with the same period when there were no special factors. Holdings will decrease by more than 13%, and Takashimaya and Daimaru Matsuzakaya Department Store will decrease by more than 20%.

Sales of department stores have been sluggish due to the spread of the new coronavirus infection, and we hope to help recover sales by focusing on new initiatives to stimulate consumption by those who refrain from going out.