TOKYO, Aug 26 (News On Japan) –
Duty-free gross sales at malls in Japan have already surpassed final yr’s whole by July, pushed by sturdy demand for luxurious items.
The Japan Department Stores Association introduced that duty-free gross sales for the yr by means of July reached 397.8 billion yen, exceeding the earlier annual report of 348.4 billion yen set final yr.
The surge in gross sales was largely fueled by luxurious objects corresponding to baggage, watches, and jewellery, supported by the yen’s depreciation.
Overall gross sales in July, together with home clients, totaled 501.1 billion yen, marking the twenty ninth consecutive month of development. The affiliation famous that summer season clothes carried out effectively, with not solely sale objects but in addition full-priced merchandise promoting briskly.
Source: ANN