The recovery of the performance of department store companies is evident. The five major department store operators announced that their August same-store sales increased by 20-40% y/y. Although the seventh wave of COVID-19 infections has had an impact on the number of customers who visited their stores, the increase in sales per customer due to […]

LVMH’s first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. (source) https://www.japantimes.co.jp/news/2017/07/27/business/corporate-business/lmvh-profit-jumps-japan-europe-join-china-luxury-rebound/

Department store sales in Japan rose moderately in 2021 from the previous year to some ¥4.4 trillion but stayed below the level seen before the outbreak of COVID-19, sources said Saturday. Sales went up by about ¥200 billion from ¥4.2 trillion marked in 2020, when department stores were forced to close for a long period […]