Tuesday, October 22, 2013
Pricier Produce Boosts Sept Supermarket Sales 0.4%
TOKYO (Nikkei)--Supermarkets in Japan raked in about 1 trillion yen in September, lifting same-store sales 0.4% on the year, the Japan Chain Stores Association reported Monday.
While typhoons and heavy rains kept away some customers, more expensive produce, especially vegetables, pushed up overall sales, which rose on the year for the second straight month.
With a hot summer leading to poor crop yields and pricier vegetables, overall sales from agricultural products climbed 5.8%. Food, which accounts for more than 60% of supermarket sales, increased 0.6%.
Although relatively insignificant to overall revenue, sales from home furnishings rose 2.2%, as consumers purchased bedding, carpeting and other home goods ahead of next April's consumption tax hike. With lingering heat delaying demand for fall items, apparel sales dropped 1.4%.
(The Nikkei, Oct. 22 morning edition)