Sales at the five major department stores in November surpassed the same month last year, with sales of high-end items and duty-free sales continuing to grow significantly.
On the 1st, five major department stores announced preliminary sales figures for November.
According to this, compared to the same month last year,
Hankyu Hanshin Department Stores increased by 11% ,
Isetan Mitsukoshi Holdings by 9.4%,
Daimaru Matsuzakaya Department Stores by 8.9% ,
Takashimaya by 5.8%
, and Sogo and Seibu by 2%
.
This is due to the fact that sales of high-end items such as overseas brand clothes and bags as well as jewelry continued to grow significantly.
In terms of duty-free sales, due to the relaxation of immigration restrictions and the impact of the weaker yen, demand from overseas tourists increased, and the four companies that announced the growth rate compared to the same month last year all reported further increases from October. It's grown, and in some places it's more than seven times what it was last year.
However, according to each company, duty-free sales are still below the same month in 2019 before the new corona, and the number of tourists from mainland China has not recovered.