Isetan Mitsukoshi Holdings Monthly Sales Report March 2024
Domestic Department Store Business
April 15, 2024
■We have applied revenue recognition standard since FY2021. The disclosure of the Department Store Business sales by
store remains on conventional standard.
Isetan Mitsukoshi Ltd. Stores Sales
(Tokyo Metropolitan area)
Store | YoY (%) | Total FY2023 | |||||||||||||||||||||
Isetan Shinjuku Main store | 115.9% | 114.7% | YoY (%) | Total FY2023 | |||||||||||||||||||
Mitsukoshi Nihombashi Main store | 109.0% | 110.4% | Sub Total (Isetan Mitsukoshi) (A) | 114.0% | 115.3% | ||||||||||||||||||
Mitsukoshi Ginza store | 125.8% | 135.6% | |||||||||||||||||||||
Isetan Tachikawa store | 99.4% | 106.5% | |||||||||||||||||||||
Isetan Urawa store | 100.2% | 103.8% | |||||||||||||||||||||
Domestic Regional Companies Sales | |||||||||||||||||||||||
Company | YoY (%) | Total FY2023 | |||||||||||||||||||||
Sapporo Marui Mitsukoshi Ltd. | 105.3% | 110.3% | |||||||||||||||||||||
Hakodate Marui Imai Ltd. | 95.7% | 101.7% | YoY (%) | Total FY2023 | |||||||||||||||||||
Sendai Mitsukoshi Ltd. | 105.8% | 102.2% | Sub Total (Regional Stores) (B) | 105.0% | 107.3% | ||||||||||||||||||
Niigata Isetan Mitsukoshi Ltd. | 94.4% | 100.9% | |||||||||||||||||||||
Shizuoka Isetan Co., Ltd. | 94.8% | 97.1% | |||||||||||||||||||||
Nagoya Mitsukoshi Ltd. | 97.2% | 106.9% | |||||||||||||||||||||
Hiroshima Mitsukoshi Ltd. | 93.8% | 96.9% | YoY (%) | Total FY2023 | |||||||||||||||||||
Takamatsu Mitsukoshi Ltd. | 100.1% | 103.4% | Sub Total (Isetan Mitsukoshi group) | 110.8% | 112.4% | ||||||||||||||||||
Matsuyama Mitsukoshi Ltd. | 103.3% | 95.7% | (A+B) | ||||||||||||||||||||
Iwataya Mitsukoshi Ltd. | 116.9% | 113.6% | |||||||||||||||||||||
Merchandise Category | |||||||||||||||||||||||
unit:% | |||||||||||||||||||||||
Isetan Shinjuku Main store | Mitsukoshi Nihombashi Main store | Mitsukoshi Ginza store | Total of Flagship Stores | Isetan Mitsukoshi Ltd. | Group Total | ||||||||||||||||||
Mar | Total FY2023 | Mar | Total FY2023 | Mar | Total FY2023 | Mar | Total FY2023 | Mar | Total FY2023 | Mar | Total FY2023 | ||||||||||||
Men's clothing | 123.3 | 114.5 | 130.9 | 115.4 | 103.3 | 130.7 | 122.5 | 115.7 | 120.7 | 114.6 | 115.1 | 112.8 | |||||||||||
Women's clothing | 117.6 | 121.2 | 112.1 | 114.0 | 117.3 | 134.9 | 116.7 | 121.8 | 113.7 | 119.8 | 109.1 | 115.2 | |||||||||||
Children's clothing | 86.1 | 111.7 | 69.5 | 95.4 | 132.1 | 152.2 | 77.9 | 108.4 | 78.8 | 106.0 | 71.0 | 100.3 | |||||||||||
Kimono, bedding, others | 87.2 | 102.0 | 100.6 | 100.2 | 110.1 | 111.2 | 91.8 | 102.2 | 92.9 | 100.7 | 95.6 | 99.5 | |||||||||||
Clothing Total | 116.5 | 117.5 | 96.8 | 110.6 | 115.2 | 134.3 | 112.4 | 118.1 | 110.3 | 116.2 | 105.2 | 112.7 | |||||||||||
Accessories, Handbags, etc. | 121.6 | 124.2 | 122.9 | 123.7 | 146.2 | 154.1 | 127.2 | 129.9 | 124.6 | 127.0 | 121.0 | 123.3 | |||||||||||
Cosmetics | 122.1 | 124.3 | 116.2 | 118.1 | 139.3 | 153.9 | 125.4 | 130.2 | 124.3 | 129.0 | 121.1 | 122.3 | |||||||||||
Arts, Jewelry, Precious Metals, etc. | 131.2 | 114.7 | 125.3 | 112.7 | 140.9 | 141.1 | 131.0 | 118.2 | 130.7 | 118.0 | 129.0 | 116.9 | |||||||||||
Other General goods | 103.2 | 99.9 | 144.6 | 134.6 | 98.5 | 160.4 | 108.5 | 109.3 | 104.7 | 108.1 | 103.4 | 106.5 | |||||||||||
General goods Total | 124.5 | 116.3 | 124.8 | 114.5 | 138.3 | 146.8 | 127.2 | 120.9 | 126.0 | 120.5 | 124.0 | 117.9 | |||||||||||
Household goods | 94.4 | 109.6 | 94.1 | 94.8 | 104.1 | 114.1 | 95.1 | 104.3 | 94.9 | 103.5 | 96.2 | 100.7 | |||||||||||
Foods | 102.5 | 106.4 | 105.7 | 103.4 | 104.6 | 109.1 | 103.8 | 105.8 | 102.7 | 105.4 | 101.4 | 103.6 | |||||||||||
Restaurants & Cafés | 110.8 | 121.5 | 106.9 | 124.1 | 121.6 | 121.7 | 110.3 | 121.9 | 106.9 | 117.7 | 107.5 | 117.2 | |||||||||||
Services | 95.0 | 45.4 | 111.7 | 131.5 | 93.5 | 114.1 | 97.6 | 57.2 | 96.6 | 61.2 | 96.2 | 65.6 | |||||||||||
Others | 85.8 | 107.1 | 86.1 | 100.4 | 90.0 | 109.1 | 86.5 | 103.1 | 88.6 | 103.4 | 72.9 | 98.7 | |||||||||||
Total | 115.9 | 114.7 | 109.0 | 110.4 | 125.8 | 135.6 | 115.8 | 116.6 | 114.0 | 115.3 | 110.8 | 112.4 | |||||||||||
Operating Days unit:days | 31 | 365 | 31 | 365 | 31 | 365 | ― | ― | ― | ― | ― | ― | |||||||||||
March Overview
■Sales of high-value-added products continued to drive sales, particularly at the Isetan Shinjuku Main Store, Mitsukoshi Nihombashi Main Store, and Mitsukoshi Ginza Store, with year-on-year sales growth of 114.0% for the total of Isetan Mitsukoshi Ltd. and 110 .8% for the total of domestic department stores. In addition, both main stores and the Mitsukoshi Ginza Store have outperformed fiscal 2018 for nine consecutive months.
■In categories, sales of handbags, jewelry/watches, and cosmetics continued to grow. In the clothing category, there was movement in new spring/summer items, mainly luxury and designer brands, as well as in occasion needs. In the food category, Western-style confectioneries and Japanese-style confectioneries were particularly popular due to demand for gifts and souvenirs.
■Tax-free sales exceeded the level of February, when Chinese New Year was celebrated, and were the second highest single month following last December. As with the overall purchasing trend, interest in high-value-added products such as luxury brand handbags and purses, jewelry, watches, and cosmetics continued to be high.
April Current Overview
■Cumulative in-store sales through the 14th continued to be driven by high value-added products such as luxury and designer brand handbags and jewelry. Tax-free sales also continued to significantly exceed the previous year's level, as in March. Sales at both Isetan and Mitsukoshi main stores, Mitsukoshi Ginza Store in the Tokyo metropolitan area and Iwataya Mitsukoshi and other stores were strong, with double-digityear-on-year sales growth, resulting in year-on-year sales growth of 118.5% for Isetan Mitsukoshi and 114.2% for the total of domestic department stores.
【Contact】
Corporate Communication and IR Division, General Affairs Department, Isetan Mitsukoshi Holdings Ltd.
E-mail:support_sh@imhds.co.jp
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Isetan Mitsukoshi Holdings Ltd. published this content on 15 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2024 07:34:04 UTC.