Japan's shopping centres rebound 4.9% in July, and the city centre pulls further ahead of the suburbs
Existing shopping-centre sales rose 4.9% year on year in July, reversing June's 1.6% fall — the first decline in 51 months. Weather did most of the work in both months, but the gap between city-centre and suburban centres widened to 4.4 points.
Sales at Japan's existing shopping centres rose 4.9% year on year in July, the Japan Council of Shopping Centers (JCSC) said in a release dated 25 August. The figure reverses a 1.6% decline in June, which JCSC's own prior release recorded as the sector's first fall in 51 months.