The total revenues from apparel sales in Japanese department stores valued 81,603.66 million yen (US $ 737.60 million) during Feb. ’21 and the figures were down by 12.80 per cent on Y-o-Y basis.
Japan noted almost same decline (12.85 per cent) on M-o-M basis as well as compared to Jan. ‘21 revenues when it clocked 93,659 million yen(US $ 878.55million).
Apparel segment contributed 25.30 per cent in total revenues earned by the Japanese department stores in the month of February, which is down from 28.70 per cent that was recorded in the month of January.
According to the data released by Japan Department Stores Association (JDSA), the revenues earned by all three main categories – menswear, womenswear and kidswear –were down significantly.
The revenues in women clothing dropped by 10.40 per cent in Feb. ’21 on Y-o-Y basis to clock 53,352.73 million yen (US $ 452.10 million).
Menswear accommodated 15,546.12 million yen (US $ 140.48 million) revenues in the second month of 2021, dropping 22.30 per cent from Feb. ’20.
On the other hand, kidswear witnessed 7.70 per cent decline on yearly basis to earn 7,037.60 million yen (US $ 63.59 million) revenues. All other types of clothing noted 11.40 per cent decline on yearly basis and valued 5,667.20million yen (US $ 51.21million) in January ’21.