Contraction of the Department Store Market
First written in FY2016. 12 of 38 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2027-H1.
Kintetsu Department Store moved to the "Worse" side of this theme in 2019.
2 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Although some stores were affected by unfavorable weather and other factors, strong tax-free sales, supported by the trend toward a weaker yen, and demand for high-priced products drove sales in the department store industry. Demand for summer merchandise also increased amid the extremely hot weather, and overall performance remained solid.」
The description changed from lower sales caused by the decline following the surge in tax-free sales and the stronger yen in the previous period to the market remaining firm, driven by strong growth in tax-free sales amid the weaker yen and demand for high-priced goods. - 2026-07-10MitigatedEarnings
「In the department-store industry, sales exceeded the previous year due to stable temperatures nationwide, strong apparel sales driven by demand for outings, the effects of events such as product fairs held by various companies, and strong growth in duty-free sales against a backdrop of yen depreciation.」
Following the weak department-store market sales evident in the previous disclosure, industry sales exceeded the previous year during the quarter under review. - FY2026WorsenedAnnual report
「Our group's core department store segment primarily serves general consumers and is therefore significantly affected by social conditions, such as population declines in regional areas and suburbs, economic trends and consumer trends, while competition in the distribution industry is also expected to intensify.」
In addition to the market's previous contraction and weak consumption, population declines in regional areas and suburbs are explicitly identified as business-environment risks. - 2026-04-10WorsenedEarnings
「In the department-store industry, domestic sales remained strong, while duty-free sales declined in the first half due to the reversal of the effects of the weaker yen and rush demand ahead of price increases for premium merchandise. Although sales showed signs of recovery in the second half, nationwide department-store sales remained lackluster due in part to deteriorating Japan-China relations.」
In the department-store market, domestic sales were strong, while duty-free sales and overall market momentum weakened. - FY2026-H1MaterialisedAnnual report
「In addition to a decline in tax-free sales following the strong growth in the previous year, which reflected the weaker yen and rush demand ahead of price increases for high-end imported goods, tax-free sales, particularly of high-end imported goods, remained sluggish due to the stronger yen. As a result, sales were below the year-earlier level for 6 consecutive months through July.」
After the department store market had been on a recovery trend, sales actually fell below the previous year's monthly level for 6 consecutive months because of the decline following the surge in tax-free sales and the stronger yen. - FY2025-H1MitigatedAnnual report
「In the department store industry, tax-free sales, which continued to grow on the weaker yen and other factors, reached a record high, while high-priced goods, particularly premium apparel, remained strong. As a result, sales exceeded the previous month's level for 30 consecutive months and remained strong, particularly in major cities.」
The period during which department store sales exceeded the previous year's level, indicating market recovery, extended from 27 consecutive months to 30 consecutive months, while tax-free sales also reached a record high. - FY2025-Q1MitigatedAnnual report
「In the department store industry, tax-free sales, which continued to grow on the weaker yen and other factors, reached a record high, while high-priced goods, particularly premium apparel, remained strong. As a result, sales exceeded the previous month's level for 27 consecutive months and remained strong, particularly in major cities.」
The market's recovery trend has continued, with tax-free sales reaching a record high and nationwide department store sales exceeding the previous year's level for 27 consecutive months. - FY2024-Q3MitigatedAnnual report
「In the department store industry, mask-wearing rules were eased in March, COVID-19 was reclassified as a Class 5 infectious disease on 8 May, and the substantial easing of infection-control measures increased opportunities to go out. Against this backdrop, premium apparel, jewelry and cosmetics remained strong, and events such as product fairs and other promotions also proved successful. In addition, growing inbound demand, driven by the weaker yen and the end of entry restrictions, boosted sales, making the recovery trend increasingly clear.」
It states that the department store market's recovery trend became increasingly clear, driven by eased infection-control measures, increased opportunities to go out, strong sales of premium apparel and other products, and growth in inbound demand. - FY2024-Q2MitigatedAnnual report
「In the department store industry, mask-wearing rules were eased in March, COVID-19 was reclassified as a Class 5 infectious disease on 8 May, and the substantial easing of infection-control measures increased opportunities to go out. Against this backdrop, travel demand and strong sales of summer goods amid extremely hot weather drove sales, while premium apparel, jewelry and other products also remained strong.」
It states that the department store market's recovery has continued, driven by increased opportunities to go out following the easing of infection-control measures, travel demand, and strong sales of premium apparel and jewelry. - FY2024-Q1MitigatedAnnual report
「In the department store industry, rules on mask wearing were relaxed in March, and COVID-19 was reclassified as a Category 5 infectious disease on 8 May. As infection-control measures were substantially eased, opportunities to go out increased and sales began to recover.」
It states that department store industry sales are moving toward recovery, driven by eased infection-control measures and increased opportunities to go out. - FY2023MitigatedAnnual report
「In the department store industry, opportunities to go out increased following the rebound from store closures under the state of emergency and the easing of restrictions on movement, consumer sentiment recovered, and nationwide department store sales remained strong, particularly in major cities.」
It states that consumer sentiment and nationwide department store sales shifted toward recovery, driven by the rebound from store closures and eased restrictions on movement. - FY2023-Q3RestatedAnnual report
「In the department store industry, the rebound from store closures under the state of emergency in the previous year and the increase in opportunities to go out and human mobility resulting from eased restrictions on movement and travel support programs continued to support a recovery trend in consumer sentiment.」
It states that the recovery trend in consumer sentiment has continued, driven by the rebound from the previous year's store closures, eased restrictions on movement and increased human mobility. - FY2023-Q2RestatedAnnual report
「In the department store industry, consumer sentiment recovered because of the rebound from store closures under the state of emergency in the previous year and the increase in opportunities to go out resulting from eased restrictions on movement.」
It states that the recovery in consumer sentiment has continued, driven by the rebound from store closures in the previous year and the increase in opportunities to go out resulting from eased restrictions on movement. - FY2023-Q1MitigatedAnnual report
「In the department store industry, the rebound from store closures under the state of emergency in the previous year, the lifting of quasi-emergency measures in March and a Golden Week without restrictions on movement increased opportunities to go out, and consumer sentiment recovered.」
Opportunities to go out and consumer sentiment recovered because of the rebound from the previous year's store closures and the lifting of restrictions on movement, shifting the description from the market's previous stagnation toward improvement. - FY2022-Q3MaterialisedAnnual report
「The department store industry was also significantly affected by overlapping demand-reducing factors, including requests to refrain from going out to prevent the spread of COVID-19, a sharp decline in inbound demand due to entry and exit restrictions, and the issuance of 2 states of emergency.」
The department store market's stagnation continues to be evident in the substantial impact of the sharp decline in inbound demand, voluntary restrictions on going out and 2 declarations of a state of emergency. - FY2022-Q2MaterialisedAnnual report
「The department store industry was also significantly affected by overlapping demand-reducing factors, including requests to refrain from going out to prevent the spread of COVID-19, a sharp decline in inbound demand due to entry and exit restrictions, and the issuance of 2 states of emergency.」
The department store market's stagnation continues to be evident in the substantial impact of the sharp decline in inbound demand, voluntary restrictions on going out and 2 declarations of a state of emergency. - FY2022-Q1MaterialisedAnnual report
「The department store industry was also significantly affected, as in the previous fiscal year, by voluntary restrictions on going out to prevent the spread of COVID-19 and the sharp decline in inbound demand caused by entry and exit restrictions.」
It states that the department store market actually remained sluggish, as in the previous fiscal year, because of the sharp decline in inbound demand and voluntary restrictions on going out. - FY2021MaterialisedAnnual report
「In the department-store industry, nationwide department-store sales remained in extremely severe conditions, falling below the previous year's level for 17 consecutive months since the consumption tax increase, due to the loss of inbound demand resulting from entry restrictions, people refraining from going out, and sluggish personal consumption associated with infection-prevention activities.」
The contraction and stagnation of the department store market actually emerged as nationwide sales falling below the previous year for 17 consecutive months, accompanied by the disappearance of inbound demand and sluggish personal consumption. - FY2021-Q3WorsenedAnnual report
「In the department-store business as well, sales of high-priced products, particularly to affluent customers, remained strong, but nationwide department-store sales continued to face severe conditions due to the significant impact of the loss of tax-free sales.」
It states that, although sales of high-priced goods were strong, nationwide department store sales remained in a difficult situation because tax-free sales had disappeared. - FY2021-Q2MaterialisedAnnual report
「In the department-store industry as well, personal consumption remained sluggish due to a sharp decline in inbound demand resulting from restrictions on entry and departure, people refraining from going out, and weakened consumer sentiment associated with infection-prevention activities. Nationwide department-store sales remained in a severe situation, falling below the previous year's level for 11 consecutive months.」
The sharp decline in inbound demand associated with COVID-19, voluntary restrictions on going out and weaker consumer sentiment have actually resulted in nationwide department store sales falling below the previous year for 11 consecutive months. - FY2021-Q1MaterialisedAnnual report
「In the department-store industry as well, the outlook for the economy is becoming increasingly uncertain. Nationwide department-store sales fell below the previous year's level for 8 consecutive months, affected by a sharp decline in inbound demand due to people refraining from going out to help prevent the spread of COVID-19 and restrictions on entry and departure.」
It states that nationwide department store sales actually fell below the previous year for 8 consecutive months because of COVID-19, voluntary restrictions on going out, entry and exit restrictions, and the sharp decline in inbound demand. - FY2020WorsenedAnnual report
「In the department store industry as well, consumer sentiment stagnated after the consumption tax rate increase, while the spread of the virus had a significant impact on customer traffic, resulting in an extremely difficult situation in which nationwide department store sales fell below the previous year's level for 5 consecutive months from October last year.」
In addition to stagnant consumer sentiment after the consumption tax rate increase, the spread of the virus affected customer traffic, resulting in nationwide department store sales falling below the previous year for 5 consecutive months. - FY2020-Q3WorsenedAnnual report
「In the department store industry, although shopping demand from visitors to Japan provided support and high-priced goods such as luxury brands and imported watches remained strong, sales were sluggish because of the impact of cool, wet summer weather and typhoons and other natural disasters, as well as weaker consumer sentiment after the consumption tax increase.」
Although inbound demand and high-priced goods provided support, department store sales remained sluggish because of natural disasters and weaker consumer sentiment after the consumption tax increase. The impact of these risks continues to be evident. Although the risks themselves were not quantified, their impact is reflected in the actual weakness of sales. - FY2020-Q2WorsenedAnnual report
「In the department-store industry, although shopping demand from overseas visitors to Japan continued to provide support and high-priced products such as luxury brands and imported watches remained strong, sales remained weak due in part to the effects of low temperatures and heavy rainfall during the prolonged rainy season, typhoons and torrential rain, and other natural disasters.」
Although inbound demand and sales of high-priced goods remained strong, department store industry sales were sluggish because of the impact of the prolonged rainy season, typhoons, heavy rain and other natural disasters. - FY2020-Q1RestatedAnnual report
「In the department-store industry, although trade issues and uncertainty about the outlook for the Chinese economy were sources of concern, sales generally remained firm, partly because the shopping demand from overseas visitors to Japan, which had been a concern, remained strong.」
Despite trade issues and uncertainty over the outlook for the Chinese economy, department store sales were generally firm, supported by demand from visitors to Japan. - FY2019RestatedAnnual report
「In the department store industry, although shopping demand from visitors to Japan provided support, nationwide department store sales lacked momentum from July onward because of the impact of successive natural disasters and other factors.」
It states that, although inbound demand provided support, the momentum of nationwide department store sales slowed because of natural disasters and other factors. - FY2019-Q3WorsenedAnnual report
「In the department-store industry, although strong inbound demand provided support, nationwide department-store sales lacked momentum from July onward, affected by natural disasters including the torrential rains in western Japan and successive major typhoons.」
While inbound demand provided support, nationwide department store sales struggled from July onward because of the impact of natural disasters, bringing the department store market's difficult environment back into clear focus. Market deterioration caused by natural disasters has in fact occurred. - FY2019-Q2RestatedAnnual report
「In the department-store industry, nationwide department-store sales remained firm, despite the impact of successive natural disasters, including the torrential rains in western Japan, partly because growing inbound demand from overseas visitors to Japan, particularly in major cities, continued to support performance.」
It states that nationwide department store sales remained firm, driven by growing inbound demand, despite the impact of natural disasters. - FY2019-Q1RestatedAnnual report
「In the department-store industry, sales generally remained firm, partly because, in addition to rising seasonal demand resulting from higher temperatures, inbound demand from overseas visitors to Japan continued to show strong growth, particularly in major cities.」
It states that department store sales generally remained firm, driven by the continuing recovery and growth in inbound demand from the previous period. - FY2018RestatedAnnual report
「In the department store industry, nationwide department store sales exceeded the previous year's level for the first time in 14 months last April, driven by stronger individual consumer appetite resulting from the weaker yen and higher stock prices, as well as the recovery in inbound demand from visitors to Japan, and subsequently remained firm, particularly in major cities.」
The recovery trend described through the previous quarter continued for the full year, with nationwide department store sales remaining firm, particularly in major cities, after exceeding the previous year for the first time in 14 months. - FY2018-Q3MitigatedAnnual report
「In the department-store industry, sales generally remained firm, partly due to increased shopping demand from overseas visitors to Japan. Sales in the Osaka area, in particular, exceeded the previous year's level for 11 consecutive months through November.」
Driven by stronger demand from visitors to Japan, the recovery trend continued after nationwide department store sales had fallen below the previous year through the previous period, while sales in the Osaka area exceeded the previous year for 11 consecutive months. - FY2018-Q2MitigatedAnnual report
「In the department-store industry, sales generally remained firm, partly due to increased shopping demand from overseas visitors to Japan. Sales in the Osaka area, in particular, exceeded the previous year's level for 8 consecutive months through August.」
The description has shifted from nationwide department store sales falling below the previous year through the previous period to a sales recovery driven by stronger demand from visitors to Japan, with sales in the Osaka area exceeding the previous year for 8 consecutive months. - FY2018-Q1MitigatedAnnual report
「In the department-store industry, expectations of a recovery rose as shopping demand from inbound visitors increased and sales in April exceeded the previous year's level for the first time in 14 months.」
It states that, after nationwide department store sales had continued to fall below the previous year, April sales exceeded the previous year's level for the first time in 14 months, driven by stronger demand from visitors to Japan. - FY2017WorsenedAnnual report
「In the department-store industry, nationwide department-store sales remained below the previous year's level for 12 consecutive months from March of the previous year as personal consumption stagnated amid stronger cost-saving preferences and shopping trends among inbound visitors changed, making it a difficult year.」
The period during which nationwide department-store sales remained below the previous year's level extended from 9 consecutive months at the quarterly point to 12 consecutive months, and the stagnation of personal consumption and changes in demand from inbound visitors were noted. - FY2017-Q3WorsenedAnnual report
「In the department-store industry, nationwide department-store sales fell below the previous year's level for 9 consecutive months from March as personal consumption stagnated amid stronger cost-saving preferences and shopping demand from inbound visitors slowed.」
The period during which nationwide department-store sales remained below the previous year's level extended from 6 consecutive months to 9 consecutive months, and stagnation in personal consumption and slowing shopping demand from inbound visitors were also explicitly noted. - FY2017-Q2WorsenedAnnual report
「In the department-store industry, in addition to weaker consumer sentiment caused by the sluggish stock market and other factors, slowing shopping demand from inbound visitors caused nationwide department-store sales to fall below the previous year's level for 6 consecutive months from March.」
The period during which nationwide department-store sales remained below the previous year's level extended from 3 consecutive months to 6 consecutive months, and the slowdown in shopping demand from inbound visitors was also explicitly noted. - FY2017-Q1WorsenedAnnual report
「In the department-store industry, in addition to weaker consumer sentiment caused by the sluggish stock market and the psychological impact of the Kumamoto Earthquake, the previously robust shopping demand from inbound visitors stalled, and nationwide department-store sales fell below the previous year's level for 3 consecutive months from March.」
The company reports that nationwide department-store sales fell below the previous year's level for 3 consecutive months, demonstrating the contraction and stagnation of the department-store market as a specific operating-environment factor. - FY2016First statedAnnual report
「In the department-store industry, competition across industry and business formats is intensifying as the market contracts, and the difficult operating environment continues.」
The company identifies market contraction as a fundamental business-environment factor alongside intensifying competition.