By  on February 4, 2010

TOKYO--Isetan Mitsukoshi Holdings blamed sluggish consumer spending for a loss and declining sales in the first nine months of the fiscal year.

Japan’s largest department store retailer said Thursday that it posted a net loss of 10.48 billion yen, or $112.1 million at average exchange for the nine months ended Dec. 31. That compares to a profit of 15.75 billion yen, or $153.7 million a year earlier.

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