Matsuya, a major department store operator, announced that its August monthly sales were down 11.0% year on year. The impact on combined sales at the Ginza and Asakusa stores was cited, and the stock closed that day at ¥2,058, down ¥218 from the previous day.
Matsuya released preliminary August monthly sales, which fell 11.0% year on year.
According to the company, a promotion to encourage repeat visits at the Ginza store and luxury-brand events held in connection with large-scale events throughout the store affected sales. The stock closed at ¥2,058, down ¥218 from the previous day.