Department store sales in Japan fell in 2025, marking the first drop in five years. Tax-free purchases took a hit as China ...
Sales at Japan's department stores fell for the first time in five years in 2025. China's advisory to its citizens to avoid travel to Japan apparently led to a major decline in tax-free sales.
Gloomy prospects are expected during the Chinese New Year holidays in February. Read more at straitstimes.com. Read more at ...
Department store sales in Japan in 2024 totaled 5.75 trillion yen ($37 billion), surpassing the pre-coronavirus pandemic levels of 2019 amid inbound tourism boom, data by an industry body showed ...
Sales at department stores in Japan fell 1.5% year-on-year in 2025 to 5.67 trillion yen on a same-store basis, marking the first negative growth in five years, according to data from the Japan ...
Department stores in Japan saw the number of Chinese customers and their duty-free purchases both dive about 40 percent in December from a year earlier, amid heightened diplomatic tensions between the ...