Matsuya's July sales inch up 1.1% at its Ginza-Asakusa flagships, as tax-free cosmetics and luxury goods keep accelerating
Matsuya's Ginza and Asakusa stores managed just 1.1 per cent combined sales growth in July, the company said, even as tax-free cosmetics and luxury-goods sales kept climbing far faster.

Matsuya's Ginza and Asakusa department stores posted combined sales up 1.1 per cent year on year in July, the company said in a preliminary sales report, as tax-free cosmetics and luxury-goods sales kept accelerating far faster than the flagship total.