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Takashimaya's July sales rise 8.3%, as tax-free spending stays elevated for a fourth month

Takashimaya's July store sales rose 8.3% year on year — the first of Japan's major department-store operators to report the month — with tax-free spending still running far ahead of the rest of the store, even as it eased back from June's peak.

Editorial illustration of shoppers browsing a Japanese department-store floor near an escalator during a summer sale
Illustration by floortok.com

Takashimaya's store sales rose 8.3% year on year in July, the department-store operator said in its monthly flash report published 3 August, making it the first of Japan's major department-store groups to disclose a July figure. Isetan Mitsukoshi, J. Front Retailing (Daimaru Matsuzakaya), H2O Retailing (Hankyu Hanshin) and Sogo & Seibu had yet to publish their own July numbers as of the same date.