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Matsuya's Ginza flagship posts its first double-digit sales drop since January

Matsuya's Ginza flagship fell 11% in August, its steepest monthly decline since January, as last year's run of blockbuster luxury events drops out of the comparison.

A flat-vector editorial illustration of a Ginza department-store facade at dusk, quiet foot traffic below.
Illustration by floortok.com

Matsuya's Ginza flagship posted an 11.0% year-on-year sales decline in August, according to the company's monthly sales disclosure filed with TDnet on September 1 — its first double-digit drop since January and its steepest monthly fall in seven months.