Hankyu Hanshin's Umeda flagships gain nearly four times faster than its branch stores in July
H2O Retailing's July sales flash shows Hankyu Umeda and Hanshin Umeda both up more than 17% year on year, while the rest of the group's department stores managed just 4.4% — the fourth straight month the gap between the flagships and the branches has stayed wide open.
H2O Retailing said its Hankyu Hanshin department stores posted a 12.8% rise in sales in July from a year earlier, according to the monthly sales flash report the holding company published on 3 August, which it flagged as a preliminary estimate subject to revision. The headline number hides a widening split between the group's two Umeda flagships and everywhere else it operates.