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May 09, 2011

Japanese customers spending less at department stores, annual sales figures drop

“According to the Japan Department Stores Association, the industry's annual sales peaked in 1991 at ¥9.7 trillion. They have fallen continuously for the last 12 years and the 2009 figure is expected to fall to less than ¥7 trillion — a level not seen in 24 years.”


Source: Department stores fight clunker image
Wednesday, Jan. 6, 2010
By KAZUAKI NAGATA
http://search.japantimes.co.jp/cgi-bin/nb20100106a1.html

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