As Apparel Resources recently reported that Japanese clothing brands are experiencing sluggishness in their revenues in department stores, the situation of chain stores is even worse!
The same-store apparel revenues in 10,851 stores of 56 companies associated with Japan Chain Stores Association (JCSA) have plunged in September both on yearly and monthly basis.
The total sales recorded in chain stores during September month were 54,782 million yen (US $ 525.12 million), declining 23.50 per cent from September ’19 and 4.70 per cent from August ’20.
Menswear, womenswear and kidswear reported loss in retail sales on Y-o-Y basis, while only womenswear managed to grow on M-o-M basis in September ’20.
The revenues from retail sales in menswear category were 8,218 million yen (US $ 78.77 million) in September ’20 noting 24.50 per cent decline on Y-o-Y basis and 7 per cent on M-o-M basis.
Womenswear clocked 13,917 million yen (US $ 133.40 million) from its retail sales in chain stores across Japan. The figures are 26.90 per cent lower than the figures of September ’19, while the revenues saw an increase of 3.30 per cent as compared to the revenues womenswear category managed to tap in August ’20.
Kidswear along with all other sort of clothing fell 21.60 per cent on Y-o-Y in September ’20 to clock 32,646 million yen (US $ 312.93 million), while the sales figures were down by 5.50 per cent as compared to August ’20.