Half year in 2021 has gone past but Japanese clothing retail industry seems to be not gaining momentum!
According to the latest data released by Japanese Chain Stores Association (JCSA), the revenues in clothing sales were down 15.30 per cent in June ’21 on Y-o-Y basis to 66,180.70 million yen (US $ 602.48 million).
However, the sales were up by 8.70 per cent as compared to May ’21 when Japan noted 60,889.61 million yen (US $ 554.32 million) worth of total revenues in apparel segment in chain stores.
It’s worth noting here that March and June have been only two months in 2021 when Japanese chain stores have witnessed monthly growth in sales generated by apparel segment!
Menswear and kidswear remained positive on M-o-M sales, while both these categories along with womenswear declined on yearly note.
Sales generated by menswear products were 12,482.24 million yen (US $ 113.63 million) in June ’21 and grew by 10.70 per cent on monthly basis, while it plunged significantly by 15.70 per cent as compared to revenues clocked in June ’20.
The sales of womenswear products valued 15,694.79 million yen (US $ 142.88 million) in June ’21 that dropped by 0.50 per cent on M-o-M basis and 14.50 per cent on yearly basis.
All other type of clothing including kidswear saw revival, at least for a short run, as the revenues upped by 12.30 per cent in June ’21 as compared to May ’21 to 38,003.46 million yen (US $ 345.97 million).