TAKASHIMAYA

Friday, December 17, 2010
Sales at Japanese department stores should have rejected almost flat in November was a slight annual increase of 0.6% in October, especially in November this year, only four Sundays, one less that a year ago led to a survey Market News International .
But the demand for luxury goods like jewelry and design products seems to be higher due to improved stock prices.
The Japan Department Stores Association November sales figures at 1430 JST (0530 GMT) on Monday 20th Published in December.
The nine branches of INM respondents said that the growth in sales each year in November from October slowed.
This indicates that seems to have the change from year to year in the combined sales of department stores nationwide in November slowed to 0.6% in October, the first increase in 32 months.
The association data are adjusted to help save a comparison on the same basis.
Some department stores INM said he saw lower demand for promotional gifts New Year, and the time factor (minus Sundays) November sales records.
However, a spokesman said Takashimaya, "Without the factor of timing, sales remained stable in November compared with October."
On sales in early December, the three of the nine retail chains surveyed their sales marked every year, is three reported earnings, and the other three reported sales were nearly flat.
Some department stores have relatively high temperatures affected sales of winter clothing in early December. Clothing Sale-35% of total department store sales for the fiscal year 2009.
Meanwhile, supports the recent improvement in family incomes and stock prices since November the sale of department stores.
"The sale of jewelry and art double-digit gains in December," said a spokesman for J. detail before and held Daimaru and Matsuzakaya.
Odakyu A spokesman said: "Our customers are faster decisions has exceeded the purchase of the stock market (Nikkei) 10,000."
The weighted average year-end bonuses of 165 large companies paid an increase of 2.52% showed this year, improving from a decline of 15.01% in the last year, according to the lobby Nippon Keidanren.
Some stores reported territorial disputes between China and Japan have had a negative impact on sales in November. But a spokesman for Keio, he said: "The demand for foreign travelers is recovering slowly."
According to the association, costs of goods duty free from overseas visitors, including Chinese citizens, and showed a decline of 7.0% y / y in October, the first decline -0, 6% in October 2009 to 18.7% in September , 16.5% in August, 51.9% in July and 99.1% in June
Sales to customers abroad less than 1% of total department store sales.

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