ISETAN MITSUKOSHI HOLDINGS LTD. Isetan Mitsukoshi Holdings Monthly Sales Flash Report February 2024
Domestic Department Store Business
March 1, 2024
■We have applied revenue recognition standard from FY2021. The disclosure of the Department Store Business sales by store
remains on conventional standard.
Isetan Mitsukoshi Ltd. Stores Sales | ||||||||
（Tokyo Metropolitan Area） | ||||||||
Isetan Mitsukoshi | YoY (%) | Total Apr to Feb | ||||||
Isetan Shinjuku Main Store | 127.6% | 117.7% | YoY (%) | Total Apr to Feb | ||||
Mitsukoshi Nihombashi Main Store | 121.7% | 111.1% | Sub Total (Isetan Mitsukoshi) (A) | 126.4% | 117.3% | |||
Mitsukoshi Ginza Store | 148.1% | 136.7% | ||||||
Isetan Tachikawa Store | 104.3% | 107.3% | ||||||
Isetan Urawa Store | 100.2% | 104.2% | ||||||
Domestic Regional Companies Sales | ||||||||
Regional Companies | YoY (%) | Total Apr to Feb | ||||||
Sapporo Marui Mitsukoshi Ltd. | 118.3% | 110.9% | ||||||
Hakodate Marui Imai Ltd. | 101.7% | 102.3% | YoY (%) | Total Apr to Feb | ||||
Sendai Mitsukoshi Ltd. | 108.0% | 101.8% | Sub Total (Regional Store) (B) | 112.9% | 107.6% | |||
Niigata Isetan Mitsukoshi Ltd. | 102.5% | 101.6% | ||||||
Shizuoka Isetan Ltd. | 92.4% | 97.3% | ||||||
Nagoya Mitsukoshi Ltd. | 111.9% | 108.0% | ||||||
Hiroshima Mitsukoshi Ltd. | 101.8% | 97.1% | ||||||
Takamatsu Mitsukoshi Ltd. | 110.8% | 103.8% | YoY (%) | Total Apr to Feb | ||||
Matsuyama Mitsukoshi Ltd. | 97.7% | 95.1% | Sub Total (Isetan Mitsukoshi | 121.4% | 113.6% | |||
Group) (A+B) | ||||||||
Iwataya Mitsukoshi Ltd. | 121.0% | 113.2% | ||||||
Monthly sales change for the past one year（year on year）
[Isetan Mitsukoshi Ltd.（Tokyo Metropolitan Area）・national department stores average]
160.0% |
150.0% |
140.0% |
130.0% |
120.0% |
110.0% |
100.0% |
90.0% |
80.0% |
2023 | 2024 | ||||||||||||||||
Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | ||||||
Isetan Mitsukoshi Ltd. | 122.9% | 123.2% | 119.1% | 114.3% | 119.3% | 121.2% | 121.8% | 113.5% | 112.0% | 113.1% | 112.6% | 126.4% | |||||
national department stores ave. | 109.8% | 108.6% | 106.3% | 107.0% | 108.6% | 111.8% | 109.2% | 106.1% | 107.4% | 105.4% | 107.1% | ||||||
■Sales of high-value-added products continued to drive sales, especially at the Isetan Shinjuku Main Store, Mitsukoshi Nihombashi Main Store, and Mitsukoshi Ginza Store, with year-on-year sales growth of 126.4% for the total of Isetan Mitsukoshi Ltd. and 121.4% for the total of domestic department stores. In addition, both main stores and the Mitsukoshi Ginza Store have outperformed fiscal 2018 for the eighth consecutive month.
■Sales of spring outerwear such as jackets and blousons were strong, especially for luxury and designer brands. Sales of handbags, wallets and other small leather goods, cosmetics, etc. also have increased continuously. In addition, loyal customers' events and Valentine's day- related events were also strong and drove sales.
■Due to the influence of Chinese New Year, tax-free sales in total (existing stores) of domestic department stores were high, following December which was the highest sales in a single month.Similar to the overall trend, interest in high-value-added products such as luxury brand handbags, wallets, jewelry, watches, and cosmetics was high.
【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 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 11:12:34 UTC.
