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Japan’s department stores: What’s left when the tourism tide goes out?

Inside Retail

Japan’s storied department stores are riding a wave of overseas tourists, and although there is no sign yet of a wipeout, the cautious pronouncements of company executives indicate that it’s a wave they can’t ride on indefinitely. On the surface of it, department stores still have their mojo: sales in October rose by 5.3

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“Solid note”: US retail sales soar in December amid strong festive period

Inside Retail

Retail sales in the US soared 0.6 per cent increase in November, according to the Commerce Department’s Census Bureau. On a year-on-year basis, US retail sales were up 5.6 On a year-on-year basis, US retail sales were up 5.6 For 2023, unadjusted retail sales increased 3.2 per cent and 5.7

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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. per cent, driven by the expected 5.5

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Retail sales surge 9.4 per cent – but good times ‘could be short lived’

Inside Retail

Australian retail sales surged 9.4 Month on month, sales were up 1.6 March saw the highest growth rate since April last year when sales surged 24 per cent against April 2020 when lockdowns devastated the retail trade. And the volume of retail sales reached a record $33.6 The post Retail sales surge 9.4

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August retail figures show impact of prolonged lockdowns

Inside Retail

National retail sales fell 1.7 The data, care of the ABS, demonstrates the prolonged impact lockdowns around the country are having on the retail industry: clothing, footwear and personal accessories sales fell 17.4 per cent, department stores 15.9 Food retailing rose 2.7 per cent, household goods 5.9

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No Christmas spending boom, warns ARA

Inside Retail

However, department stores are expected to see a 2.9 per cent improvement and other general retailing – including books, cosmetics and recreational goods – by 1.7 per cent increase in retail sales, Tasmania up by 0.7 Hospitality spending is predicted to fall by 4.2 per cent, household goods by 3.2 per cent.