By  on June 3, 2014

TOKYO — Japanese retailers saw mixed sales in May, signaling a return to normalcy after April's tax hike bit into consumer spending.

Department stores saw mostly lower sales last month but started to see a return to normal trading levels. These retailers posted substantial sales gains in March, as consumers rushed to make large purchases before the tax hike came into effect, biting into April sales. Japan's sales tax increased three percentage points to 8 percent in April.


To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus