Japan's supermarkets reported higher revenue in September from a year ago, mostly due to price hikes. It was the second straight month of gains, but sales by volume dipped as consumers remain budget conscious.
The Japan Chain Stores Association says total sales in the month came in just short of 995 billion yen, or about 6.5 billion dollars. That's up 1 percent from a year ago.
Revenue from food sales climbed 2.6 percent owing to higher vegetable and rice prices.
Revenue from non-food items excluding clothing jumped 6.1 percent. The hotter-than-usual weather was seen as a factor in this as the gain was led by sun screen, antiperspirant and similar products.
Association official Makino Tsuyoshi says the revenue gains reflect price increases and don't paint the full picture.
He explained: "Prices have moved higher, but shopper incomes haven't. Sales have increased, but the number of items sold is decreasing. It's not a good situation."
The Japan Chain Stores Association says total sales in the month came in just short of 995 billion yen, or about 6.5 billion dollars. That's up 1 percent from a year ago.
Revenue from food sales climbed 2.6 percent owing to higher vegetable and rice prices.
Revenue from non-food items excluding clothing jumped 6.1 percent. The hotter-than-usual weather was seen as a factor in this as the gain was led by sun screen, antiperspirant and similar products.
Association official Makino Tsuyoshi says the revenue gains reflect price increases and don't paint the full picture.
He explained: "Prices have moved higher, but shopper incomes haven't. Sales have increased, but the number of items sold is decreasing. It's not a good situation."
Similar Readings (5 items)
Japan's supermarket sales up for 5th month in July
Japan supermarket sales rise for 16th straight month
Supermarket sales grow 9.3% in March
Electronics shipments in Japan up for second straight month
Japan Sep. consumer inflation at 31-year high
Summary
Japan's supermarkets experienced a 1% increase in revenue for September, with price hikes being the primary driver. Sales by volume decreased due to budget-conscious consumers. The total sales amounted to approximately 6.5 billion dollars. Food sales rose by 2.6%, mainly because of increased
Statistics
154
Words1
Read CountDetails
ID: b3904a24-64b2-41af-9999-af53d033f4ca
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20241024_B02/
Created: 2024/10/24 19:00
Updated: 2025/12/08 09:33
Last Read: 2024/10/25 18:59