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Negative Impact of Tax Hike Continues at Japan Dept. Stores

Negative Impact of Tax Hike Continues at Japan Dept. Stores

   Tokyo, Dec. 2 (Jiji Press)--Four major Japanese department stores Monday reported lower same-store sales for the second straight month in November, as luxury goods sales turned weak after brisk last-minute demand that preceded the October consumption tax hike.
   But their year-on-year sales falls were smaller than those in October, when they all suffered some 20 pct sales declines.

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AFP-JIJI PRESS NEWS JOURNAL


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