Department store sales rebound
2014.02.21
Department store sales in November rose 2.4 percent from a year earlier on a same-store basis, marking the first increase in two months as consumers stepped up buying ahead of the consumption tax hike in April.
The Japan Department Stores Association also credited the rebound to improved confidence backed by expectations for higher winter bonuses.
Clothing sales, which accounted for 34.9 percent of overall sales, rose 1.0 percent as temperatures dropped from mid-November.
Sales of personal items, such as luxury bags and accessories, rose 5.9 percent, while big-ticket items, such as art, jewelry and precious metals, surged 21.0 percent, it said.
About JINHAN FAIR
JINHAN FAIR for Home & Gifts(Poly Spring/Autumn Fair Phase Ⅱ) is a leading international trade platform organized by Poly Exhibition. Established in 2000, JINHAN FAIR has been successfully held for 53 editions and is recognized as one of China's most established sourcing fairs for the home and gifts industry. JINHAN FAIR is also the only Union of international Fairs-approved export trade fair in the home & gifts sector in China.
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